Apple announces funding for Santa Cruz housing project – how local officials are responding

SANTA CRUZ, Calif. (KION-TV) -- The international tech giant is teaming up with the San Francisco Housing Accelerator Fund, Sobrato Philanthropies, and Destination: Home — all experts in affordable housing development — to launch the new Bay Area Housing Innovation Fund. This fund, which will make targeted, favorable loans to advance affordable housing development, is part of Apple’s broader $2.5 billion commitment to address housing affordability in communities across California.