Apple Launches $50 Million Fund to Boost Bay Area Affordable Housing

The initiative supports the creation of over 400 homes as part of Apple's $2.5 billion commitment to tackle California's housing crisis.

Apple partners with Sobrato Philanthropies, San Francisco Housing Accelerator Fund, and Destination: Home.
The fund will provide favorable loans to accelerate affordable housing development.
Initial projects include developments in San Francisco’s Mission District and Santa Cruz.
Apple's efforts have allocated over $1.6 billion towards affordable housing in California.
The tech sector’s growth has significantly increased housing prices, prompting tech giants to intervene.