Apple Pledges $2.5 Billion <br />to Tackle CA Housing Crisis.<br />Apple's five-point plan includes $1 billion <br />devoted to mortgage assistance, $1 billion devoted <br />to investment in affordable housing and $300 million <br />for development of land that Apple already owns.<br />The remaining $200 million <br />will be devoted to a housing <br />fund that will serve vulnerable <br />populations in San Francisco.<br />Affordable housing means stability and dignity, opportunity and pride. When these things fall out of reach for too many, we know the course we are on is unsustainable, and Apple is committed to being part of the solution, Tim Cook, Apple CEO, via CNN Business.<br />According to Apple, the money <br />will "take approximately two years <br />to be fully utilized depending on <br />the availability of projects.".<br />Apple's commitment to <br />solving the California housing <br />crisis is the most significant <br />from any tech company, so far.<br />Google recently pledged <br />$1 billion to address the crisis
