Apple has invested nearly $1.5 billion to solve the housing crisis in California and has helped more than 40,000 people

CTOnews.com, July 26 (Xinhua)-- in 2019, Apple announced a $2.5 billion program in partnership with the California government to help solve California's housing crisis.

Every year, Apple shares the progress of the plan. Here are the latest developments Apple has made in cooperation with the California government:

Nearly $1.5 billion has been invested so far

Through the program, more than 40,000 California residents have access to affordable housing and resources

Through this cooperation, nearly 20,000 people have benefited from new housing.

With the support of Apple, nearly 24000 people have received direct financial assistance from Destination: Home

Through a partnership between Apple and the Silicon Valley Housing Trust (Housing Trust Silicon Valley), more than 1000 new homes have been built, including The Kelsey in San Francisco.

The Kelsey is a "completely accessible, disability-oriented apartment building", one of the fruits of a public-private partnership between Apple and the Silicon Valley Housing Trust. At present, two buildings are in operation, five development projects have been or are about to be completed, and six other development projects are under construction. Upon completion of the The Kelsey project in San Francisco, it will also have an underlying commercial space that "provides commercial space for green enterprises that employ people of all abilities, incomes and backgrounds".