Apple commits $2.5 billion to combat California housing crisis

CUPERTINO, Calif. (AP) — Apple says it’s committing $2.5 billion to combat California’s housing crisis.
The pledge announced Monday includes a $1 billion fund to build new homes for households with low to moderate incomes; a $1 billion homebuyer mortgage assistance fund; and $300 million to make Apple-owned land in San Jose available for affordable housing.
The commitment eclipses similar pledges from fellow San Francisco Bay Area tech giants Google and Facebook, which have eac