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Accused of heightening housing tensions, Google will spend $1 billion to build 20,000 homes in San Francisco

via:博客园     time:2019/6/19 8:41:01     readed:95

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Tencent Technology News, June 19 news, according to foreign media reports, Google CEO Sandal

At present, Google and its parent company, Alphabet, are facing increasing pressure from local communities, accused of expanding the already tense housing market in the San Francisco Bay Area and displaced aborigines.

The following is the full text of Pichai's blog:

As we strive to build a more helpful Google, we know that we have a responsibility to help from home. For us, this means that Google needs to be a good neighbor in the Bay Area of San Francisco, where we started more than 20 years ago.

Today, Google has become one of the largest employers in the San Francisco Bay Area. Throughout the region, there is a particularly pressing and complex problem, namely, housing. Due to the lack of new housing supply and the rising cost of living, there is a serious shortage of affordable housing for middle and low income residents in the long run. With the development of Google in San Francisco Bay Area, we have invested in housing that meets the needs of these communities, whether in our hometown, Mountain View City, San Francisco, or in our future development projects in San Jose and Senneville. But there's more to do.

Today, we announce a $1 billion increase in housing investment across the San Francisco Bay Area.

First, over the next 10 years, we will redirect Google's land worth at least $750 million to housing, most of which is currently classified as office or commercial land. This will enable us to support the development of at least 15,000 new housing units for people of different income levels in the San Francisco Bay Area, including housing options for low- and middle-income families. By contrast, 3,000 housing units were built in Nanwan in 2018. We hope that this plan will play a role in solving the long-term shortage of affordable housing for low- and middle-income residents.

Second, we will set up a $250 million investment fund to provide incentives for developers to build at least 5,000 affordable housing units in the entire market.

In addition to these investments, which will help increase the supply of cheap housing, we will also provide $50 million in grants through Google.org to non-profit organizations concerned with homelessness and displacement. Over the past five years, we have provided $18 million in grants to help address homelessness. New donations include a $3 million donation to the newly opened San Francisco Navigation Center and a $1.5 million indemnificatory housing grant for low-income veterans and families in Mountain View City.

In the next few months, we will continue to work with local governments to support plans to allow residential developers to build quickly and economically. Our goal is to start building houses immediately and provide them in the next few years. In Mountain View City, we have worked with the municipal government to change the Beiwan area to make room for housing. We are currently having fruitful talks with Senneville and San Jose.

Of course, cheap and quality housing is just one way for us to invest in the Bay Area community. We also sponsor community space, provide free access to shared office space for non-profit organizations, improve transportation options for communities and our employees (9,000 fewer cars per day) and support career development, education and local business projects.

In all of this, our goal is to help communities achieve long-term success and ensure that everyone has access to opportunities, whether they work in the field of science and technology or not. Solving big problems like housing shortages requires cooperation among businesses, governments and community organizations. We look forward to working with others to make the Bay Area a place where everyone can thrive.

According to Pichai, more than 45000 Google employees live in the San Francisco Bay area. Sam, mayor of San Jose

Ricardo said:

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