Facebook Donating $20 Million To Affordable Housing, Job Training in Menlo Park

facebook housing catalyst front sign headquarters hq offices home fb

Facebook has announced it is partnering with a coalition of local community groups to support affordable housing in the San Francisco Bay Area.

As part of the initiative, Facebook is promising to donate $20 million to a series of local projects that include the development of low-cost housing units in Menlo Park, a tenant assistance fund, and vocational training for local residents.
Facebook is also busy planning a major expansion of its own HQ in the locality. The move will see the company extend its campus to make room for an additional 6,500 employees. Last month, Facebook opened the doors to its new flagship building, a 430,000 sq foot space where it is housing just under a third of its global team. And, earlier this year, the company casually dropped $400 million on a 56-acre industrial park close to its main building.
However, some residents aren’t welcoming its construction plans. An alliance of local community members led by former Menlo Park mayor Steve Schmidt is opposing the tech firm’s development proposals. They claim the influx of affluent Facebook employees into the region will drive up house rental costs in the East Palo Alto area, and compound income inequality.

Comments

Post a Comment

Popular posts from this blog

Microsoft, Apple Black Friday Deals and Offers Go Live

Image
The Black Friday deals have already started pouring out and all the major companies seem to have pulled their socks up in order to provide tough competition to local retailers. In order to celebrate the occasion, Apple is offering gift cards for specified product purchases while Microsoft has now started offering discounted deals on its products on the Microsoft Store. Earlier this week, a dedicated webpage on the Apple's website teased a one-day shopping event on November 25 on account of Black Friday. Even though the company doesn't have a reputation of offering big discounted deals, the teaser raised hopes that it might offer something special this year. However, as it turns out, Apple is still offering gift cards for specified product purchases as part of its Black Friday celebration. It should be noted that company's recent products are not a part of this deal.       Apple's Black Friday deals are reportedly live in just New Zealand and Austral...
Read more

HP Rumoured to Launch Another Windows Phone Smartphone in 2017

Image
      HP at the MWC in February unveiled the Windows 10-powered Elite X3. The smartphone also supported Windows 10's Continuum feature and was focused for enterprise customers. Despite the mild response to the Elite X3, it looks like HP is planning to launch another Windows phone in 2017. The company is rumoured to have teamed up with Microsoft for the release of a more customer-focused Windows Phone that is likely to launch in February 2017, Phone Arena reports citing its own sources, which confirm earlier reports.        The report states that HP will develop and sell the smartphone wile Microsoft will help with the finance. Microsoft will reportedly also provide the technology that it has used with its Lumia smartphones to let HP bring features like Glance, ClearBlack display, double tap to wake, and advanced camera functionality to its upcoming Windows 10 device. Just to refresh, the Elite X3 sports a 5.96-inch QHD ...
Read more

Government to Push for Activation of RuPay Debit Cards

Image
Delhi government will push for the activation of RuPay Debit cards, linked to Jan Dhan accounts, to help people tide over the cash crisis owing to demonetisation . According to a senior official, the city has around 36 lakh Jan Dhan accounts, out of which 70-80 percent has RuPay cards. "Around 60 percent of those cards are active. We will push for the activation of the rest as people are struggling due to the shortage of cash. People will be made aware of the advantages of cashless transaction," the official said. It is learnt that similar push will be made across the state as part of the Centre's initiative in this regard. Services that can be availed through RuPay cards, are similar to those that can be done through Visa or MasterCard. Although RuPay cards are cheaper to use.
Read more