More than a year after becoming one of Silicon Valley's first big tech companies to commit to creating more affordable housing, Facebook said that its Catalyst Housing Fund is a step closer to backing new units.
The fund has reached a key milestone by landing its first outside investor – local non-profit The San Francisco Foundation, which is adding US$1mil (RM3.90mil) to Facebook's original US$18.5mil (RM72.21mil) contribution.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!