Housing crisis

Apple Veterans Square project shows commitment to tackling California’s housing crisis

Apple announced the recent opening of Veterans Square, a 30-unit complex in California. This facility aims to address California’s housing crisis by providing homes for veterans and other deserving individuals.

Apple Veterans Square provides housing for veterans and deserving individuals

In a press release, Apple said it has partnered with others to build Veterans Square to provide housing for veterans and “individuals who have been identified as being in greatest housing need.” The housing project opened in March with funding from several donors, including Apple. The company said the project is part of its $2.7 billion commitment to address California’s housing crisis.

The Veterans Square building came about through Apple’s partnership with Housing Trust Silicon Valley, a community development financial institution (CDFI). The institution provided funds to support 10 affordable housing projects in the Bay Area. These include projects in San Francisco, San Jose, Santa Cruz, Santa Rosa and beyond.

Apple’s commitment to other housing projects

Kristina Raspe, Apple’s vice president of global real estate and facilities, said, “We are extremely proud to see families and neighbors moving into new homes through our partnership with affordable housing organizations across California.” She also noted Apple’s commitment to finding real solutions that can help communities thrive. The various habitat-related projects represent tangible progress in realizing the company’s promise.

Besides Veterans Square, Apple has also partnered with the California Housing Finance Agency to provide mortgage and down payment assistance to low- and middle-income first-time home buyers. The Cupertino-based company launched an affordable housing investment program that unlocked funding for 2,000 units across the state.

Destination: Home works to end homelessness in Silicon Valley, and Apple’s support has helped the nonprofit expand its homelessness prevention system, which has provided financial and rental assistance to over 20,000 families during the COVID-19 pandemic. Apple support has also helped Destination: Home fund nearly 1,700 supportive and ultra-low-income housing units in the Bay Area, and extend Wi-Fi to several housing communities.