Tuesday July 26, 2016

Facebook’s Answer to Silicon Valley Housing Crunch: Build Apartments

Could you imagine living in an apartment owned by Facebook? I know the housing situation in Silicon Valley is tight but damn, apartment owned by Facebook just seems really weird. This would have been better back in the MySpace days.

So in an effort to shore up city support, Facebook earlier this month made an unusual pledge for a tech company. It would build at least 1,500 units of housing, meant not specifically for Facebook employees, but for the general public. The novel move is a gesture intended to address a growing frustration in the region: too many workers, too few homes.