Microsoft promised to invest $500 million to help fight the growing housing affordability crisis in the Seattle region—but why not put that toward creating jobs and increasing wages?
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Microsoft pledges $500 million to address homelessness, affordable housing in the Seattle areaThe pledge comes at a fraught time for tech companies and the cities that house them, as skyrocketing home prices have outpaced increases in income.
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Microsoft pledges $500 million toward affordable housing in Seattle areaFor years, tech companies have been under fire for causing soaring housing prices in certain areas. Now, Microsoft Corp. is doing something about it.
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Microsoft pledges $500 million to tackle Seattle housing crisisMicrosoft pledged $500 million to address homelessness and develop affordable housing in response to Seattle's widening affordability gap.
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Microsoft Pledges $500 Million Investment To Tackle Affordable Housing CrisisMost of the money will help preserve and build new homes for low and middle-income residents. A smaller portion will go toward homeless services and programs to keep people from being evicted.
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Microsoft is investing $500 million to tackle Seattle housing crisisMicrosoft, which is headquartered in the Seattle region, said it will partner with nonprofit groups to address 'the affordable housing crisis.' The money will go toward building new homes and preserving existing housing.
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Microsoft’s Answer to Seattle Area’s Housing Problem: $500 MillionMicrosoft Corp. pledged $500 million to support affordable housing in the Seattle area, an effort to address concern that technology companies’ financial success has pushed less wealthy people out of their communities.
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Microsoft will spend $500 million on building affordable housing in SeattleIn cities like Seattle and San Francisco, the arrival of tech giants has been linked with skyrocketing house prices.
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