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Microsoft's $500 Million Pledge, Amazon's New HQ And The Truth About Housing Affordability [Forbes]

CORELOGIC (CLGX) 
Last corelogic earnings: 4/30 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investor.corelogic.com/node/668
Company Research Source: Forbes
Microsoft's $500 Million Pledge, Amazon's New HQ And The Truth About Housing Affordability Last week, Microsoft promised to invest $500 million to help fight the growing housing affordability crisis in the Seattle region where the company has been based since 1979. The efforts are focused on adding to the area's housing stock, so half that amount will be used to provide builders will low interest loans to construct low-income housing. Another $225 million in lending will subsidize the preservation and construction of middle-income residences. And the remainder will take the form of a philanthropic grant to fight homelessness. Microsoft has been widely lauded for the pledge, which is the largest in its history and likely the largest ever housing commitment by an American corporation. Politicians quickly praised the company for looking beyond its campus and employee base. Many others applauded the move as a belated but welcome example of a tech company taking responsibility for a mess Show less Read more
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