Apple Pledges $2.5 Billion To Fight California's Housing Crisis

California's housing crisis is a major concern, with high costs affecting quality of life. Governor Gavin Newsom highlights the need for more housing, and Apple has partnered with the state to address this issue. Apple's $2.5 billion financial package includes funds for affordable housing and first-time homebuyers, as well as land for development. The initiative aims to be fully utilized in two years, with future investments planned. The crisis is partly attributed to big tech companies, which face challenges due to high living costs. Apple, Google, and Facebook have pledged significant contributions to housing solutions, with Apple's being the largest.

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