Apple today announced that this year it allocates 400 million dollars to its affordable housing plan, which it announced late last year. I guess that will make you pay less tax on the profits made. Anyway, in a good way to manage your capital, without a doubt.
I would like to see the large Spanish companies make a similar gesture, but I think they are not for the work. There are large companies that obtain many benefits and all they do is distribute the dividends among shareholders. Pity.
Apple today announced that it has allocated $ 400 million to its affordable housing project and homeowner assistance programs in California this year, continuing its $ 2.500 billion project that the company plans to spend over the next few years to help combat the housing crisis in that area of the United States.
This new Apple social project aims to help thousands of Californians buy a new home with a few very affordable prices, and very favorable financing conditions for people in need.
This is the hotel that Apple is building in Austin, Texas. Building homes now will be nothing new.
A long-term plan of $ 2.500 billion
Apple announced in November 2019 that it would invest a total of 2.500 million dollars to combat the housing crisis in California, in the coming years, including:
- Un Investment fund $ 1.000 Billion Affordable Housing in partnership with the State of California.
- Un mortgage assistance fund for $ 1.000 billion first-time homebuyers, with increased financing opportunities for essential services personnel, school employees and veterans.
- $ 300 million in Land Apple owned affordable housing available.
- A housing fund in the bay area of $ 150 million, in a public-private partnership with Housing Trust Silicon Valley.
- $ 50 million to support Destination: A project to address homelessness in Silicon Valley.
- In association with CalHFAApple has provided down payment and mortgage assistance to hundreds of first-time home buyers, providing additional benefits for teachers, veterans and firefighters. CalHFA's assistance program supports low- and moderate-income first-time homebuyers and reflects the diversity of the state.
Kristina Rasp, Vice President of Real Estate and Global Facilities at Apple has stated that “as cities and states have been forced to stop many of their investments in long-term affordable housing amid the current coronavirus crisis, Apple is proud to move forward with our comprehensive plan to combat California's housing crisis. " A great idea.
Undoubtedly those 400 million dollars will solve the housing problem for many people in need. It is a great investment, but you have to keep in mind that for Apple it is not much. That amount is spent on four movies to Apple TV +...