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Facebook to invest $150M for affordable housing in Bay Area

Original post made on Dec 10, 2020

Facebook announced today that it will be dedicating $150 million to affordable housing for the Bay Area's low-income residents. One-third of the funds will be devoted to Santa Clara County.

Read the full story here Web Link posted Wednesday, December 9, 2020, 11:56 AM

Comments (4)

Posted by Mountain View Resident
a resident of North Whisman
on Dec 10, 2020 at 11:06 am

Mountain View Resident is a registered user.

I think that it is very good that the company is providing these funds for affordable housing yet there are very significant needs for both the affordable housing as well as housing and care for the people who are homeless in the region as well. It would be wonderful if many of the the other companies in the area were to donate such significant and generous funds to assist those who are most in need of a home. Thank you very much.


Posted by Steven Goldstein
a resident of Old Mountain View
on Dec 10, 2020 at 12:01 pm

Steven Goldstein is a registered user.

This was a vailed attempt at extortion, FACEBOOK knew about the lawsuits about to be filed. And now they are going to say that if these lawsuits are NOT withdrawn, these funds will go bye bye.

Businesses have done this in the past, and it will keep happening.

In any case $150,000,000 is pathetic given the wealth of FACEBOOK, and it will only provide at most 300 housing units in an area that has a deficit in the thousands.

What a joke.


Posted by Maria
a resident of Shoreline West
on Dec 10, 2020 at 7:41 pm

Maria is a registered user.

The story reports that the money is part of larger effort to create even more housing units for "essential workers" - essential to FACEBOOK and its owners and workers. . It is part of a larger plan for more and higher density housing for high tech - especially FACEBOOK. Someone remind us. What does FACEBOOK do to make money?


Posted by Steven Goldstein
a resident of Old Mountain View
on Dec 11, 2020 at 3:54 am

Steven Goldstein is a registered user.

Maria,

The sell your personal data, and track your every move on their website, and sell advertising and sell proactive distribution of content whether it is true or not.


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