empty
 
 
Apple donates $2.5 billion to fight California housing crisi...
13-11-2019 16:44
Apple donates $2.5 billion to fight California housing crisis
Apple donates $2.5 billion to fight California housing crisis

Apple, an American multinational technology company, has pledged to provide financial assistance to California's citizens. The corporation is going to invest in construction and housing, support low and middle class California's citizens as well as build shelter for the homeless.Apple will commit $2.5 billion to fight the California housing crisis. A part of the financial package, that is $1 billion, will go to the loan fund aimed at constructing houses for the low and middle class. Another $1 billion will be dedicated to provide financial assistance to first-time homebuyers.The remaining funds allocated by Apple will be distributed as follows. The company will give part of its land valued at $300 million for housing development. The manufacturer will also donate $150 million to support new construction projects in San Francisco and the suburbs. The remaining $50 million will be dedicated to supporting vulnerable populations.According to analysts, Apple’s financing project outspends similar initiatives of Facebook and Google. Commonly, high income employees of technology companies displace the middle class from the housing market. Apple decided to solve this issue. Remarkably, housing prices in some parts of California are too high and continue to grow. At the same time, few houses are being built in the area. The problem of the homeless is also acute.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS
Can't speak right now?
Ask your question in the chat.
Widget callback