Last year, when Mark Zuckerberg launched the Chan Zuckerberg Initiative, a limited liability company that he and his wife, Pricilla Chan, founded, they announced that their goal was to solve social issues with a startup-like mentality. The company, which will be funded by the bulk of Zuckerberg’s own Facebook shares, an estimated $45 billion, said it would focus on long-term bets to reshape the world. Their motto is “Advancing Human Potential and Promoting Equality.” They kicked off by leading a $24 million funding round for Andela, a group that trains elite software developers in Africa to match with top companies around the world. That’s why it came as some surprise when The Information reported that Zuckerberg had met with several housing experts to learn more about the country’s affordable housing crisis. It does make some sense as it’s an issue that–in the Bay Area at least–Silicon Valley tech companies have helped create, so much so that Facebook recently set aside a section of their latest corporate housing development in Menlo Park to absorb residents being displaced by tech workers with hearty salaries. But it’s also far broader. Most Americans are worried about being able to pay for decent housing, according… Read full this story
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