Facebook Forms Partnership to Create Affordable Housing in Silicon Valley

Facebook is doing its part to help create affordable housing in communities near its headquarters in Menlo Park, Calif.

Facebook is doing its part to help create affordable housing in communities near its headquarters in Menlo Park, Calif.

Vice president for public policy and communications Elliot Schrage announced in a Newsroom post Friday that Facebook formed a partnership with community groups, philanthropies and other companies, and the social network made an initial $20 million contribution to that partnership.

Schrage added that the partnership is based on “three initial pillars”—affordable housing, economic activity and legal support—and initial members include Youth United for Community Action, Faith in Action Bay Area, Community Legal Services in East Palo Alto, Comité de Vecinos del Lado Oeste–East Palo Alto, the local governments of East Palo Alto and Menlo Park and other community groups.

He also provided more details on the partnership’s plans:

The partnership will establish a catalyst housing fund with $18.5

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