JPMorgan Chase pledges billions to reduce housing inequality

JPMorgan Chase said this week it will commit $30 billion towards addressing the racial wealth gap within the U.S. Lenders such as JPMorgan Chase are among those being blamed for fostering inequality in U.S communities by denying mortgages to people of color, or offering them at higher rates than their white counterparts by using the

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Facebook pledges $1 billion to combat Bay Area housing crisis

Facebook is the latest big tech company to pledge money to address the shortage of affordable housing affecting the communities its workers live in. The company says it’s committing $1 billion towards a variety of initiatives meant to tackle the problem, following similar pledges by Google and Microsoft. The initiatives come at a time when

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Big tech’s affordable housing commitments are ‘not enough’, experts say

With the cost of housing reaching sky-high levels in many West Coast cities, a number of technology companies have stepped in with pledges of millions of dollars to try and reverse the situation. Microsoft for example, in January announced it was committing $500 million to pay for affordable housing, while Google recently said it would

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Google pledges $1 billion to ease San Francisco’s affordable housing problem

Google this week announced a grand plan to try and help ease San Francisco’s housing problem, saying it’s setting aside $1 billion to build 20,000 homes in the region in the next ten years. Google’s plans come as it and other technology firms face criticism for contributing to the soaring costs of housing in the

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