FILE - In this May 1, 2019, file photo, a woman walks past a Google sign in San Francisco. Google is making a $1 billion commitment to address the soaring price of housing in the San Francisco Bay Area, a problem that the internet company and its Silicon Valley peers helped create as the technology industry hired tens of thousands of high-paid workers. (AP Photo/Jeff Chiu, File)
SAN FRANCISCO: Google is pouring US$1bil (RM4.17bil) into easing the high-priced housing headaches that it and its Silicon Valley peers helped give the San Francisco Bay Area.
The pledge announced June 18 by Google CEO Sundar Pichai consists of a US$250mil (RM1.04bil) investment fund and US$750mil (RM3.13bil) of company-owned land. It will be used to build at least 15,000 homes that will include low- and mid-income housing.
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