Apple Pledges $2.5 Billion to Fight California Housing Crisis

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Despite having the most famous digital tech scene in the world and the 8th highest median income in the country, California also has some of the worst poverty in the US. Because of high housing costs, close to half of all homeless people in the US are in California.

Apple, trying to be a good citizen, has just stepped up with $2.5 billion in investments designed to help California fight its housing crisis. The initiative aims to help first time buyers purchase homes, to support new housing and to support homelessness reduction programs.

Sources: https://www.apple.com/newsroom/2019/11/apple-commits-two-point-five-billion-to-combat-housing-crisis-in-california/

https://www.marketwatch.com/story/this-state-is-home-to-nearly-half-of-all-people-living-on-the-streets-in-the-us-2019-09-18

https://www.investopedia.com/articles/investing/101015/10-wealthiest-states-united-states.asp

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