Tech Giants Promise $3B To Help Solve Nation’s Housing Crisis

[the other mike]

Tamara Mitchell, a volunteer for the Coalition on Homelessness, said it’s becoming impossible to live in San Francisco as the country’s housing crisis is only getting worse. Major cities in the Bay Area, including San Francisco, have the third largest population of people experiencing homelessness.

“We’ve been homeless, we’ve been staying in hotels, we’ve been staying with family members – it’s been a lot,” she explained.

However, help may soon be on the way. That’s because companies such as Apple, Facebook, Google and Microsoft have promised to pay more than $3 billion to help solve the problem. This comes as many blame the housing crisis, in part, on Big Tech for building companies like the ones in Silicon Valley without considering where their employees would live with factors like strict house zoning laws and the possibility of prices skyrocketing.

This comes at the heels of a bipartisan initiative in Congress called the Affordable Housing Credit Improvement Act, which would give incentives to purchase homes by setting a locked-in tax credit rate. The bill would also create more housing units, which would hopefully drive down prices.

So far, a large number of house legislators and U.S. senators from both parties have backed the bill. Lawmakers say the legislation would also make the country’s housing credit more effective for veterans, rural residents and Native American communities.

Tech giants promise $3B to help solve nation’s housing crisis | One America News Network

Silicon Valley ? Isn't that Rep Schiff's stomping grounds ?
Sorry. He's too busy being a puppet for George Soros and trying to impeach Donald Trump to worry about the pesky homeless critters.
The Solution to Homelessness Is Staring Us in the Face

 

[Thunk]

They can hand that 3 billion to me!

 

[sparky]

This comes as many blame the housing crisis, in part, on Big Tech for building companies like the ones in Silicon Valley without considering where their employees would live

America has a banking crisis cloaked in the guise of a housing crisis

Did we not learn anything in '08???

So far, a large number of house legislators and U.S. senators from both parties have backed the bill

Of course they are

the banksters own them

and now they've found a new way to legislate more debt from the public

and we wonder why our economy is cyclical.....

~S~

 

[the other mike]

This comes as many blame the housing crisis, in part, on Big Tech for building companies like the ones in Silicon Valley without considering where their employees would live

America has a banking crisis cloaked in the guise of a housing crisis

Did we not learn anything in '08???

So far, a large number of house legislators and U.S. senators from both parties have backed the bill

Of course they are

the banksters own them

and now they've found a new way to legislate more debt from the public

and we wonder why our economy is cyclical.....

~S~

 

[Andylusion]

Tamara Mitchell, a volunteer for the Coalition on Homelessness, said it’s becoming impossible to live in San Francisco as the country’s housing crisis is only getting worse. Major cities in the Bay Area, including San Francisco, have the third largest population of people experiencing homelessness.

“We’ve been homeless, we’ve been staying in hotels, we’ve been staying with family members – it’s been a lot,” she explained.

However, help may soon be on the way. That’s because companies such as Apple, Facebook, Google and Microsoft have promised to pay more than $3 billion to help solve the problem. This comes as many blame the housing crisis, in part, on Big Tech for building companies like the ones in Silicon Valley without considering where their employees would live with factors like strict house zoning laws and the possibility of prices skyrocketing.

This comes at the heels of a bipartisan initiative in Congress called the Affordable Housing Credit Improvement Act, which would give incentives to purchase homes by setting a locked-in tax credit rate. The bill would also create more housing units, which would hopefully drive down prices.

So far, a large number of house legislators and U.S. senators from both parties have backed the bill. Lawmakers say the legislation would also make the country’s housing credit more effective for veterans, rural residents and Native American communities.

Tech giants promise $3B to help solve nation’s housing crisis | One America News Network

Silicon Valley ? Isn't that Rep Schiff's stomping grounds ?
Sorry. He's too busy being a puppet for George Soros and trying to impeach Donald Trump to worry about the pesky homeless critters.
The Solution to Homelessness Is Staring Us in the Face

Won't solve anything.

I'm not saying that they should not do it. They can do whatever they want.

However, this isn't a solution to the problem.

The problem is bad government regulations that prevent the development of new housing, or the replacement of existing housing with better housing.

Until you remove the poison in the system, it doesn't matter how much treatment you give. All the Aspirin in the world, won't fix the cancer. You have to cut the cancer out.

 

[the other mike]

It's also one of many reasons tourism is down here.
Travel: International visits to U.S. are forecast to keep falling

 

[harmonica]

....the problem is not enough $$$$//$$$$---it's the people!!!...they make poor choices and/or are just plain stupid = they end up homeless
...sometimes it's just the cycle of poverty
National Coalition for the Homeless

 

[K9Buck]

...a bipartisan initiative in Congress called the Affordable Housing Credit Improvement Act, which would give incentives to purchase homes by setting a locked-in tax credit rate...

No thanks. We don't need the government to fix it. We need local governments to ease up on building restrictions and eliminate rent control.

 

[the other mike]