Google Invests in Low-Income Housing

Google Inc. is investing $86 million in a tax-credit fund to finance the construction of 480 low-income housing units.

The developments will be spread among seven communities in the West and Midwest to provide housing for low-income families and senior citizens. The housing will include units with as many as four bedrooms, according to a prepared statement.

“Our investment … allows us to further our goal of providing relief to people who otherwise may not have access to quality housing,” says Brent Callinicos, a Google vice president.

Source: Dow Jones Newswires, Francesca Freeman (08/31/2010)