Microsoft Pledges $500 Million for Affordable Housing in Seattle Area [The New York Times]
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Source: The New York Times
Microsoft Pledges $500 Million for Affordable Housing in Seattle Area - The New York Times SEATTLE — The Seattle area, home to both Microsoft and Amazon, is a potent symbol of the affordable housing crisis that has followed the explosive growth of hubs. Now Microsoft, arguing that the industry has an interest and responsibility to help people left behind in communities transformed by the boom, is putting up $500 million to help address the problem. Microsoft’s money represents the most ambitious effort by a company to directly address the inequality that has spread in areas where the industry is concentrated, particularly on the West Coast. It will fund construction for homes affordable not only to the company’s own non- workers, but also for teachers, firefighters and other middle- and low-income residents. Microsoft’s move comes less than a year after Amazon successfully pushed to block a new tax in Seattle that would have made large es pay a per-employee tax to fund homeless serv
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