Microsoft pledges $500 million for affordable housing in Seattle area [MSN Money]
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Source: MSN Money
Microsoft Pledges $500 Million for Affordable Housing in Seattle Area SEATTLE — The Seattle area, home to both Microsoft and Amazon, is a pott symbol of the affordable housing crisis that has followed the explosive growth of tech hubs. Now Microsoft, arguing that the industry has an intert and rponsibility to help people left behind in communiti transformed by the boom, is putting up $00 million to help addrs the problem. Microsoft’s money reprts the most ambitious effort by a tech company to directly addrs the inequality that has spread in areas where the industry is conctrated, particularly on the Wt Coast. It will fund construction for hom affordable not only to the company’s own non-tech workers, but also for teachers, firefighters and other middle- and low-income ridts. Microsoft’s move com ls than a year after Amazon succsfully pushed to block a new tax in Seattle that would have made large busins pay a per-employee tax to fund homels servic and the construction of affordable ho
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