Apple announced this morning a significant $2.5 billion commitment towards easing the California housing availability and affordability crisis. The investment includes a $1 billion commitment to an affordable housing investment fund, $1 billion towards a first-time homebuyer mortgage assistance fun, and $300 million in Apple-owned land which will be made available for affordable housing. Another $200 million will go to support new, lower-income housing in the Bay Area including by way of a $150 million Bay Area housing fund, with partners like Housing Trust Silicon Valley.

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