affordable

Airbnb is committing $250 million to help stalled US housing projects get built; its first $6.4 million investment will support 201 affordable homes in Austin

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Airbnb is committing $250 million to help stalled US housing projects get built; its first $6.4 million investment will support 201 affordable homes in Austin

Airbnb has pledged $250 million (£190 million) in below-market financing to help restart stalled housing projects, with its first $6.4 million investment going toward an affordable housing development in Austin, Texas. The short-term rental company announced the Airbnb Housing Accelerator, a new program aimed at addressing the U.S. housing shortage by filling funding gaps for … Read more

Since 2000, Marc Benioff and his wife bought more than 600 acres in Hawaii worth nearly $100 million; they later donated 440 acres for affordable housing, starting with 43 homes

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Since 2000, Marc Benioff and his wife bought more than 600 acres in Hawaii worth nearly $100 million; they later donated 440 acres for affordable housing, starting with 43 homes

Benioff had been buying property in Hawaii for years, but his focus changed after the pandemic began (Bloomberg photo) Since 2000, Salesforce CEO Marc Benioff and his wife, Lynne Benioff, have bought more than 600 acres of land in Hawaii worth nearly $100 million. Much of the land is in and around Waimea, a rural … Read more

In 1978, advocates sought affordable homes in a New York town; nearly 50 years and a landmark court battle later, a $98 million community with 145 homes is finally complete

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In 1978, advocates sought affordable homes in a New York town; nearly 50 years and a landmark court battle later, a $98 million community with 145 homes is finally complete

Representative Image (AI-generated) A proposal that began as a fight for affordable housing in a Long Island community in 1978 has finally resulted in 145 affordable homes. Matinecock Court, a nearly $98 million affordable housing development in the Town of Huntington in Suffolk County, was completed in 2026 after decades of legal and political obstacles. … Read more

In 2022, MacKenzie Scott donated two Beverly Hills homes valued at $55 million; their sale supported affordable housing in Los Angeles

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In 2022, MacKenzie Scott donated two Beverly Hills homes valued at $55 million; their sale supported affordable housing in Los Angeles

Beverly Hills is known for some of the most expensive residential property in Los Angeles, where large homes can change hands for tens of millions of dollars. In 2022, two such properties became part of a very different kind of transaction. MacKenzie Scott, the billionaire philanthropist and former wife of Amazon founder Jeff Bezos, donated … Read more

One Last Act of Kindness: A Minnesota church closed after its congregation fell to 26 members, then gave about $600,000 to nonprofits and sold its property for affordable housing

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One Last Act of Kindness: A Minnesota church closed after its congregation fell to 26 members, then gave about $600,000 to nonprofits and sold its property for affordable housing

Image Credit: stmarksuccallentown.org After its congregation dwindled to just 26 members, St. Mark’s United Church of Christ in Bloomington, Minnesota, made the difficult decision to close, turning its final chapter into an extraordinary act of generosity. According to Minnesota nonprofit Loaves & Fishes, which provides meals to people facing hunger, St. Mark’s distributed about $600,000 … Read more