Builders tap into social media to reach homebuyers. (Dreamstime/TNS)
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.
