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Tech’s Housing Support Doubles to $5 Billion With Apple Pledge

  • Apple follows promises from Google, Facebook and Microsoft
  • Efforts highlight government retreat as housing need widens
      
Photographer: David Paul Morris/Bloomberg
Updated on

This is becoming Big Tech’s year for housing.

With Apple Inc.’s $2.5 billion pledge on Monday, four of the most prominent U.S. technology companies have now committed a total of $5 billion to help solve the West Coast’s severe housing shortage.