In an Apple Newsroom report, Apple says its partnership are helping build new homes and new starts in communities across California.
In partnership with CalHFA, the tech giant says it’s provided mortgage and down payment assistance to thousands of low- and moderate-income first-time homebuyers, and launched an affordable housing investment program that has unlocked funding to support nearly 2,000 new units across the state.
They include 315 units at Avenue 34 in Los Angeles, almost 340 units at Redwood Gardens in Berkeley, and more than 230 units for families in Chico’s Cedar Village, including for those impacted by the 2018 Camp Fire.
What’s more, Destination: Home works to end homelessness in Silicon Valley, and Apple’s support has helped the nonprofit expand its Homelessness Prevention System, which has provided financial and rental assistance to more than 20,000 families during the COVID-19 pandemic. Apple’s support has also helped Destination: Home fund nearly 1,700 units of supportive and extremely low-income housing in the Bay Area, and extend Wi-Fi to several housing communities.
The Veterans Square building in Pittsburg was made possible through Apple’s partnership with Housing Trust Silicon Valley, a community development financial institution (CDFI) that provides early capital to developers of affordable housing. Together, Apple and Housing Trust Silicon Valley have provided funding to support 10 affordable housing projects across the Bay Area, including in San Francisco, San Jose, Santa Cruz, Santa Rosa, and beyond, with more projects on the horizon.
