Apple Affordable Housing Fund launches with $150 million for projects


Tim Cook discusses plans with Governor Gavin Newsom.
Photo: Apple

The first wave of Apple-funded affordable housing projects is about to get underway in Silicon Valley.

Housing Trust Silicon Valley revealed this week that Apple has given it a $150 million grant to help projects in the Bay Area. The non-profit organization is using money from Apple’s $2.5 billion commitment to help the affordable housing crisis in Silicon Valley and they’re ready to hand out some big checks.