- Feb 2011
- The formerly great golden state
Apple Pledges $2.5 Billion To Combat California's Housing Crisis
This is something worth watching. I've often wondered where people who wait tables or tend bar live in areas where housing prices start at a million and go up from there.Apple is pledging $2.5 billion to confront California's housing crisis, in a bid to help the state ease a situation that's been blamed for marginalizing people in service and support jobs and creating a spike in homelessness.
"The sky-high cost of housing — both for homeowners and renters — is the defining quality-of-life concern for millions of families across this state, one that can only be fixed by building more housing," Gov. Gavin Newsom said in a statement from Apple. "This partnership with Apple will allow the state of California to do just that."