SAMCEDA Members Facebook, Genentech, and Kaiser Partner with Other Organizations to Raise $500 Million in Housing Funds
"Bay Area power brokers fired a major shot in the fight against the housing shortage Thursday, as tech leaders, elected officials and philanthropists came together to launch what is poised to become the region’s largest investment fund for affordable housing.
With backing by the Chan Zuckerberg Initiative, the San Francisco Foundation, Facebook, Genentech and others, the new $500 million fund promises to build or preserve more than 8,000 homes in the five-county Bay Area over the next 5 to 10 years," the Mercury News reports.
To read more about the housing fund, please click here.
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