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Google Pledges $1 Billion To Address Bay Area Housing Crunch

Posted by Michael Stevens
Michael Stevens
Mr. Stevens possesses over 20 years of proven corporate marketing, sponsorship and sales promotion experienc...
User is currently offline
on Thursday, 20 June 2019
in Green Building ·

It is nice to see some major companies stepping up to make a difference with massive challenges in the housing sector in CA. True, Google will use this as an investment by leasing the land, but housing units are sorely needed.

Google CEO Sundar Pichai announced Tuesday that the tech giant would invest $1 billion over the next several years to help build housing in the Bay Area, amid the region’s ongoing housing crisis.

“Across the region, one issue stands out as particularly urgent and complex: housing. The lack of new supply, combined with the rising cost of living, has resulted in a severe shortage of affordable housing options for long-time middle and low income residents,” Pichai said in a company blog post.

The company said it would re-purpose $750 million of its land holdings currently zoned for commercial space to housing, which it claims would lead to the development of at least 15,000 new homes.

Meanwhile, $250 million would go towards an investment fund for developers to help build 5,000 affordable housing units. Another $50 million would go towards grants for nonprofits focused on homelessness and displacement.

“Our goal is to get housing construction started immediately, and for homes to be available in the next few years,” Pichai said.

Google said it has already worked with the city of Mountain View to change zoning near its headquarters to free up land for housing, and is in “productive conversations” with nearby Sunnyvale and San Jose, where it plans to expand.

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IBS 2015 - something for everyone at this year's show

Posted by Michael Stevens
Michael Stevens
Mr. Stevens possesses over 20 years of proven corporate marketing, sponsorship and sales promotion experienc...
User is currently offline
on Tuesday, 13 January 2015
in Green Building ·

2015 IBS show will not disappoint with all of the key manufacturers offering new products, latest technologies and information galore to educate as well as to sell product.

Key areas within the show include:

Custom Building Central is designed for high-end custom-builders and architects who cater to this discerning market.

Find specialized seminars, activities and other professionals who are focused on the multitude of details that come with building custom homes and the unique challenges that brings. Custom Building Central offers a variety of opportunities to network, attend workshops and gain perspective from experts. If you are involved in custom building, you should plan to attend.

50+ Housing market sector. Builders who want current information about that market and its growing number of potential buyers should seize the opportunity to learn what makes the boomer market different.

Design Studio will offer and showcase the importance of good design. It is a subject that touches everyone involved in home building, from single-family and custom builders to production builders, multi-family, commercial builders, remodelers, 50+ housing, sales and marketing, architects, interior designers and land planners.

Multi-family Central will offer information and trends on apartment, condo and multi-family development.

Home Builders Show - LV-2 2015

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To discuss how your company and project can benefit from our services as well if there are representation opportunities, please contact Michel (Michael) Stevens, President, at (800) 260-6008 ext. 301 PST or mstevens[at]greenprojectmarketing[dot]com. Skype ID: GreenProjMktg.