Google has invested $86 million in a Low-Income Housing Tax Credit fund to create 480 affordable rental housing units for low income families.
Leena Rao at TechCrunch says "It's unusual for a technology company to get involved with these types of loans; banks and insurance companies usually help fund these credits. While the money doesn't cover the total cost of these developments, these tax credits help them complete a project."
From a press release from U.S. Bank, who will be managing the fund: "The fund includes housing developments in the Midwest, an area where affordable housing investment has lagged in recent years, as well as in the California state where Google's Mountain View headquarters is based. Many of the complexes include a range of one to four-bedroom apartments, and offer a shared laundry facility and community gathering area. In addition to this USBCDC sponsored fund, Google also recently invested in two other low-income housing projects for senior citizens, one in the San Francisco Bay community of Sunnyvale, and the other in the Los Angeles County community of Inglewood."
FULL STORY: Google Invests $86 Million In Low-Income Housing
Why Big Tech Billions Won't Dent California's Housing Crisis
New multibillion-dollar affordable housing commitments from leading tech firms may build out thousands of units, but that's nothing next to California's gargantuan housing shortage.
San Jose Wants 25 Percent Affordable Housing With Big Google Development
The city of San Jose is pushing Google to mitigate the effects of gentrification and displacement at its planned transit oriented facility in downtown San Jose.
California Creates Housing-Focused Agency
Previously, the state’s housing and homelessness programs fell under a grabbag department that also regulates the alcohol industry, car mechanics, and horse racing.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Chicago’s Ghost Rails
Just beneath the surface of the modern city lie the remnants of its expansive early 20th-century streetcar system.
Amtrak Cutting Jobs, Funding to High-Speed Rail
The agency plans to cut 10 percent of its workforce and has confirmed it will not fund new high-speed rail projects.
Ohio Forces Data Centers to Prepay for Power
Utilities are calling on states to hold data center operators responsible for new energy demands to prevent leaving consumers on the hook for their bills.
MARTA CEO Steps Down Amid Citizenship Concerns
MARTA’s board announced Thursday that its chief, who is from Canada, is resigning due to questions about his immigration status.
Silicon Valley ‘Bike Superhighway’ Awarded $14M State Grant
A Caltrans grant brings the 10-mile Central Bikeway project connecting Santa Clara and East San Jose closer to fruition.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Caltrans
City of Fort Worth
Mpact (founded as Rail~Volution)
City of Camden Redevelopment Agency
City of Astoria
City of Portland
City of Laramie