Google to announce $1 billion additional investment in housing in the Bay Area

FILE IMAGE: The Google logo is displayed at the entrance of the Google offices in London, united Kingdom, January 18, 2019. (REUTERS photo/Hannah McKay/File Photo

(Reuters) – the Alphabet Inc, and Google, on Tuesday announced that it will be an additional $1 billion for investment in housing, on the opposite side of the San Francisco Bay Area.

Google said that over the next 10 years, the recycling of at least $ 750 million for its land, most of which is currently designated for office or commercial space in such properties.

“This will enable us to support the development of at least 15,000 new homes, on all incomes in the Bay Area, including housing options for middle-and low-income families,” Google said in a blog post

Reporting Arjun Panchadar in Bengaluru; Editing by James Emmanuel

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