Microsoft pledges $500 million to tackle Seattle's housing crisis

Microsoft pledges $500 million to tackle Seattle's housing crisis

In what is the largest pledge in its 44-year history, Microsoft is spending $500 million to address the housing shortage in Seattle that's been exacerbated by the influx of tech-fueled growth and the exponential rise in prices. The funds will be used to preserve affordable housing, spark construction of new units and work with nonprofits to improve the affordable housing issues facing the entire Puget Sound region.

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