Microsoft pledges $500M to tackle Seattle housing crisis

Microsoft announced that it's pledging 0 million to help alleviate Seattle's housing crisis. In cities like Seattle and San Francisco, the arrival.

Microsoft pledges $500 million to tackle Seattle’s housing crisis. In what is the largest pledge in its 44-year history, Microsoft is spending $500 million to address the housing shortage in.

 · FILE – In this Nov. 30, 2016 file photo, Microsoft’s Brad Smith, president and chief legal officer, speaks at the annual Microsoft shareholders meeting in Bellevue, Wash. Microsoft has pledged $500 million to address homelessness and develop affordable housing in response to the Seattle region’s widening affordability gap.

said Microsoft President Brad Smith. The pledge is the largest in the company’s 44-year history and, according to the company, is one of the heftiest contributions by a private corporation to housing,

The explosive growth of tech hubs in Seattle has created an affordable housing crisis. continue reading Below The area is home to both Microsoft and Amazon. Microsoft is putting up $500 million to.

Microsoft is offering discounts for many of their cloud solutions, Microsoft pledges $500M to tackle Seattle's affordable housing crisis. 0:00.

SEATTLE – Microsoft pledged $500 million to address homelessness and develop affordable housing in response to the Seattle region’s widening affordability gap. Most of the money will be aimed at.

Microsoft will loan the rest, $250 million, at market rate to finance construction of low-income housing. Smith and Hood wrote that Microsoft had teamed up with the seattle-based real estate firm.

Microsoft pledges $500M to tackle Seattle housing crisis. – Microsoft’s initiative comes as Seattle’s tech giants face calls to help fix the region’s housing crisis. Last year, Seattle’s City Council passed a "head tax" on employee-hours at large companies.

Microsoft will also ask state legislators to double the state housing trust fund, taking it from $100 million for affordable-housing development to $200 million. For Microsoft, the fund is also a.

As the tech industry Microsoft brought to the region has boomed with the expansion of Amazon and other companies, the cost of housing has soared. Microsoft pledges $500M to tackle Seattle housing.

Microsoft pledges $500M to tackle Seattle housing crisis – SEATTLE (AP) – Microsoft says it will devote $500 million to address a problem its own success helped create: the severe need for affordable housing in the Seattle area.

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