Meta's affordable housing pledge was just one of many in what had become a sort of atonement arms race among tech companies. Microsoft committed $500 million to housing in Seattle. Then Google ...

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 ...

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

In 2021, nonprofit developer Allied Housing received $1.5 million via a fund that Meta had set up as part of the technology company’s $1 billion commitment to affordable housing made two years ...

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 ...

This summary is reviewed by TRD Staff. Meta has given up on its $1 billion affordable housing plan in Menlo Park, California. The company announced a 10-year housing plan in 2019, but funding for ...