Overview

• 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.