“At a time when so many members of our community are facing unprecedented challenges, we believe it’s critical to make sure that their hopes for the future are supported through tangible programs and results”.
Apple Combating Homelessness
“As cities and states have been forced to pause many of their long-term affordable housing investments amidst the current public health crisis, Apple is proud to continue moving forward with our comprehensive plan to combat the housing crisis in California.”
Housing Trust Silicon Valley
As part of the “first affordable housing developments”, this public-private partnership will construct more than 250 new affordable homes around Bay Area. Many of the affordable housing units will be reserved for the following demographics:
- people with development disabilities
- the homeless
- formerly homeless individuals/families
A new project for senior citizens will be launched by Apple and Destination:Home. 80 new housing units will be exclusively built for seniors who are currently homeless and are at risk of homelessness.
This duo has already constructed more than 1000 affordable and supportive houses in Silicon Valley. The Destination:Home with Apple’s support has also successfully helped 1500 families from losing shelter under its Homelessness Prevention System.
California Housing Finance Agency
In partnership with the CalHFA, the Cupertino tech giant has established mortgage and down payment assistance fund which has benefited many first time homeowners from low to moderate-income groups. The fund offers additional benefits for veterans, firefighters and teachers.
“Apple’s contribution could not have come at a more crucial time, as the COVID-19 pandemic has only made our work to end homelessness that much more urgent. We were able to immediately invest their funding into several new housing developments that will provide a permanent home to vulnerable residents across the region and reinforce our Homelessness Prevention System at a time when we’re seeing an unprecedented number of at-risk families in need.”