Google's $1B Commitment to Bay Area Housing

Article Source: Global Communications & Public Affairs

Good morning,

We just announced a $1 billion commitment to help address the housing crisis in the Bay Area with a blog post authored by Sundar. Today’s commitment is a combination of land and funds to accelerate the production of housing in the Bay Area. Sundar’s blog is our on-the-record statement.

On Background, Not for Direct Attribution

At our future development sites, we emphasize the importance of mixed use developments - office space, commercial space, and residential space. If you'd like an example, here is our current proposal for the North Bayshore neighborhood in Mountain View. In addition, our Memorandum of Understanding with the City of San Jose showcases our commitment to mixed use developments.

The Bay Area has been Google’s hometown for more than 20 years, and we are committed to being a part of the solution to address the region’s urgent housing crisis. These latest investments are an important step in that direction and our largest to date to help communities where we live and work succeed over the long term.

In January, Governor Newsom challenged successful private sector companies to step up and invest meaningfully in housing in California. The cost crisis is one of the defining challenges of our time, and the Governor believes California’s corporations can play a positive and active role in addressing it.

Here is Governor Newsom's On the Record Statement:

“Google recognizes that it has an important role to play in addressing California’s cost crisis,” said Governor Newsom. “I applaud Google's leadership for stepping forward to build affordable homes for California’s working families. I hope today’s announcement inspires other companies -- big and small -- to make similar direct investments in housing affordability throughout our state.”

If you have any questions or want to learn more please reach out to us or the following third parties.

Best,

Michael and Gina

Third Parties:

Silicon Valley @ Home

Leslye Corsiglia

Executive Director

leslye@siliconvalleyathome.org

(408) 780-1352

Bay Area Council

Jim Wunderman, CEO

415-830-1730

Housing Policy

Matt Regan, Vice President

415-298-0330

SPUR

Alicia John-Baptiste, President and CEO

415-218-3033

Teresa Alvarado, San Jose Director

408-386-0409

Michael Appel | Global Communications & Public Affairs | mappel@google.com | 319.530.5397

=

Robert Riechel

Send your articles and photos to:

E=Mail: SanBrunoPatch.Robert@Yahoo.com

WEB: https://patch.com/california/s...

Photo Credit: San Bruno CA Patch Archives

Source Credit: Global Communications & Public Affairs

CLICK on link below to Subscribe to News Alerts and a Daily Email Newsletter for San Bruno Patch

http://link.patch.com/join/3-0-subscribe?list=US_CA_SANBRUNO_282

#SanBrunoPatch