Apple Pledges $2.5 Billion To Fight California's Housing Crisis

California's housing crisis is a major concern, with high costs affecting quality of life. Governor Gavin Newsom highlights the need for more housing, and Apple has partnered with the state to address this issue. Apple's $2.5 billion financial package includes funds for affordable housing and first-time homebuyers, as well as land for development. The initiative aims to be fully utilized in two years, with future investments planned. The crisis is partly attributed to big tech companies, which face challenges due to high living costs. Apple, Google, and Facebook have pledged significant contributions to housing solutions, with Apple's being the largest.

What is identified as the main quality of life concern for many families in California?

• Traffic congestion

• High cost of housing

• Air pollution

• Lack of public transportation

How much of Apple's financial package is allocated to an affordable housing investment fund?

• $300 million

• $1 billion

• $150 million

• $500 million

What is the expected duration for Apple's initiatives to be fully utilized?

• Five years

• Three years

• Two years

• One year

Which tech company pledged $1 billion to affordable housing investments in June?

• Google

• Tesla

• Microsoft

• Amazon

According to Tim Cook, what does affordable housing represent?

• Stability and dignity

• Profit and growth

• Innovation and technology

• Luxury and exclusivity