Microsoft gives $500 million to support housing development around Seattle

Microsoft gives $500 million to support housing development around Seattle

While pledging 0 million for housing affordability, Microsoft also asked nine Eastside mayors to support land use changes to ease development. The mayors are enthusiastic about the money, but.

Microsoft pledges $500 Million for affordable housing in Seattle area . Microsoft, claiming that the industry has an interest and responsibility to help people left behind in communities transformed by the boom, is putting up $500 million to help address the housing crisis in the Seattle area. Microsoft’s money represents the most ambitious.

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The philanthropic organization is working with other foundations to correct the crisis brought about by a growth in tech jobs and the resulting lack of housing.

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The tech giant will re-purpose $750 million of its own land for residential use, allowing the development. Microsoft Corp. said in January it would spend $500 million to develop affordable housing.

Additionally, the tech firm plans to give $50 million in grants through its. five months to the day after fellow tech giant Microsoft announced a $500 commitment to affordable housing in the.

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Metro Vancouver is considering an innovative approach to help develop affordable rental housing near transit locations. It’s a model inspired by what is being done in a number of metropolitan.

Microsoft announced Wednesday it would put $500 million toward creating and preserving affordable housing in the Puget Sound region in an attempt to curb the housing crisis. Of the $500 million.

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(Left to right) Jane Broom, Microsoft Philanthropies senior director, former Washongton Gov. Christine Gregoir, who now serves as CEO of Challenge Seattle, and Charlie Davis, partner and managing director at the Boston Consulting Group, speak on Microsoft’s $500 million commitment to affordable housing at a panel discussion during a Bellevue Downtown Association breakfast.

Microsoft’s $500 million commitment will help create and preserve housing for low- and middle-income households. Microsoft has pledged $500 million to address the affordable housing crisis on the Eastside of King County and the Puget Sound region, which has become the sixth most expensive region in the nation.

Microsoft Pledges $500M to Tackle Seattle Housing Crisis Microsoft says it will devote $500 million to address a problem its own success helped create: the severe need for affordable housing in.

Kroger-Anchored TX Shopping Center Lands $19M Loan We also closed a land. loans for a 382-unit multifamily project in North Atlanta and just yesterday a 258-unit multifamily project in the Lindbergh submarket of Atlanta. With that, let me now call.

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