In 2019, Meta unveiled an ambitious pledge to spend $1 billion to help ease California's affordable housing crisis that critics say the company, with its thousands of highly paid employees, played a ...

However, by late 2022, the program had lost momentum. According to internal sources and reporting from The Mercury News, Meta ...

Executives at Facebook’s parent company in 2022 stopped committing funding to the initiative, slowing progress.

Meta’s early investments had been promising. Its $150 million Community Housing Fund made low-interest loans to affordable housing developers, funding 1,500 units for extremely low-income residents.

In 2019, Meta unveiled an ambitious pledge to spend $1 billion to help ease California’s affordable housing crisis that critics say the company, with its thousands of highly paid employees ...