20,000 homes could be built under Google plan
By George Alvaros | The Mercury News
Google on Tuesday announced a stunning $1 billion commitment to ease the Bay Area’s housing crisis, pledging to add about 20,000 homes across the region.
It is the largest single commitment from a tech company to fight the housing shortage that threatens to stall the economic engine of Silicon Valley, as even well-paid workers must wrestle with escalating rents or finding a home to buy.
The initiative comes as Google faces enormous pressure to alleviate the impact of its rapid growth, particularly as it plans a transit-oriented mixed-use campus in downtown San Jose where 15,000 to 20,000 of its employees would work.
