Microsoft gives $500 million to support housing development around Seattle

Metro Vancouver is considering an innovative approach to help develop affordable rental housing near transit. It noted that Microsoft, in January 2019, promised US$500 million for affordable and.

 · Google promises $1 billion to help fix Bay Area housing crisis it helped create.. microsoft corp. pledged 0 million to develop affordable housing in and around its hometown of Seattle.

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Ryu chairs the Housing, Community Development & Veterans Committee, and sits on the Consumer Protection & Business and Appropriations committees. For this Q&A, we asked for her thoughts on Microsoft’s recent pledge of $500 million to "advance affordable housing solutions" in the Puget Sound region.

On Wednesday, Microsoft announced it’d be pouring a massive sum to clear the way for housing in King County: $500 million to address the area’s affordable housing shortage, largely focusing on.

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Microsoft President Brad Smith formally announced the company’s unprecedented $500 million commitment to support affordable housing development in the Seattle region at an event Thursday.

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Google is pouring $1 billion into easing the high-priced housing headaches that it and its Silicon Valley peers helped give the San. eclipsed a recent $500 million pledge made by Microsoft to.

The $500 million investment comes as more private tech companies are getting involved in regional housing issues. Last week, Microsoft made a pledge to invest $500 million to make homes in Seattle.

$250 million at market rate returns to support low-income housing across the entire King County region. We believe that additional capital at market lending rates can help accelerate the construction of low-income housing across the region. $25 million in philanthropic grants to address homelessness in the greater Seattle region.

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Google CEO Sundar Pichai has announced that over the next decade his company will convert $750 million worth of its own land to build at least 15,000 new homes across the Bay Area. Google will also establish a quarter-billion-dollar investment fund to encourage developers to build at least 5,000 affordable housing units, along with additional.

(Left to right) Jane Broom, microsoft philanthropies senior director, former washongton gov. christine gregoir, who now serves as CEO of Challenge Seattle, and Charlie Davis, partner and managing director at the Boston Consulting Group, speak on Microsoft’s $500 million commitment to affordable housing at a panel discussion during a Bellevue Downtown Association breakfast.