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    Microsoft Pledges $500 Million Investment To Tackle Affordable Housing Crisis

    Most of the money will help preserve and build new homes for low and middle-income residents. A smaller portion will go toward homeless services and programs to keep people from being evicted.
    by Vanessa Romo Jan 17, 2019 3 minutes
    Brad Smith, president of Microsoft Corp., speaks during a presentation on affordable housing in Bellevue, Wash., on Thursday. Microsoft Corp. said it will spend $500 million to develop affordable housing and help alleviate homelessness in the Seattle area.

    Microsoft is investing $500 million to help develop affordable housing and address homelessness in the Seattle area as the growth of tech companies in the region continues to flood the real estate market with high-salaried workers, leaving many other people behind.

    The software company made the Wednesday, explaining that the windfall will be distributed over the next three years. Most of it will go toward preserving and building new homes for low-.

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