Mountain View is an expensive place to find housing, in part because of Google itself. The tech giant plans to do something about the housing crunch, for its employees at least.
"[Google] is finalizing an order to buy 300 apartment units from Factory OS, a modular-home startup, in a building likely to serve as short-term housing for Google (GOOGL) employees, according to executives from both companies." Laura Kusisto writes for The Wall Street Journal. Modular or prefab homes are built in factories, then shipped in pieces to be assembled on site. Rather than building a wall brick-by-brick on site with all the logistical work that entails, prefabricated homes aim to save by regularizing the process and completing construction in one place.
"As Silicon Valley battles its severe housing shortage, tech companies are becoming more active in trying to help solve the problem. Facebook Inc. (FB) has pledged to plan and design 1,500 units in Menlo Park, of which 15% will be classified as affordable housing," Kusisto reports. Amazon's new Seattle Headquarters will include a homeless shelter, but Apple's HQ is a notable exception to this trend.
FULL STORY: Google bets on modular homes to fill housing demand
Silicon Valley Cities' Complex Relationship with Silicon Valley
Silicon Valley isn't just an industry. It's also a place. Actually, a series of places. The dozen or so cities that make up the valley are increasingly wary of the corporate behemoths that are constantly expanding within their city limits.
Tech Giants Bank on Growth, Acquire More Space
To provide room for long-term expansion, companies like Google, Facebook, and LinkedIn are buying up even more Bay Area real estate. Their flush cash reserves have them nudging out the traditional development and investment crowd.
Google Seeks New Direction for Massive Housing Proposal
The company parted ways with its development partner, signaling a shift in strategy for a proposed 15,000-unit housing and office space project on Google-owned land in Silicon Valley.
Florida Considers Legalizing ADUs
Current state law allows — but doesn’t require — cities to permit accessory dwelling units in single-family residential neighborhoods.
HUD Announces Plan to Build Housing on Public Lands
The agency will identify federally owned parcels appropriate for housing development and streamline the regulatory process to lease or transfer land to housing authorities and nonprofit developers.
Has President Trump Met His Match?
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OKC Approves 7.2 Miles of New Bike Lanes
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Preserving Houston’s ‘Naturally Occurring Affordable Housing’
Unsubsidized, low-cost rental housing is a significant source of affordable housing for Houston households, but the supply is declining as units fall into disrepair or are redeveloped into more expensive units.
The Most Popular Tree on Google?
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