Alerts in the last 24 hours

No Personalised Alerts!

To see personalised alerts you need to be logged in.

Log In

Microsoft to invest an additional $250 million to address the affordable housing crisis in Seattle

Microsoft to invest an additional $250 million to address the affordable housing crisis in Seattle. A year ago Microsoft yesterday announced a massive $500 million investment over the next three years to tackle the affordable housing crisis in Puget Sound area. Now Microsoft has announced that it is increasing its spending on affordable housing in the Seattle area by 50 percent, spending an additional $250 million. The additional $250 million will come in the form of a line of credit to the Washington State Housing Finance Commission, allowing it to offer more tax-exempt bonds for affordable housing projects, likely funding an additional 3000 homes.

First found on: mspoweruser.com