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California  + Bay Area  + Finance  | 

Google’s $1B Housing Initiative Funds $115M in Projects So Far

On the one-year anniversary of Google’s announced $1-billion affordable housing pledge, the tech giant reported so far it had allocated $115 million out of a $250 million investment fund for projects in the Bay Area. The Mountain View-based company says it “focused our efforts on two areas: grants to assist people experiencing homelessness and investments to produce more affordable housing.”

Google’s investment fund provided early and reliable capital to affordable housing projects, such as The Kelsey Ayer Station in San Jose (pictured). The development will offer 115 homes for people with a range of incomes with 25% of the community specifically reserved for people with disabilities.

It also committed $50 million to Housing Trust Silicon Valley’s TECH Fund to help build more affordable units quickly, which has gone to six projects throughout the Bay Area.

Two additional commitments are receiving allocations from the investment fund including another $50 million to Housing Trust to establish the Launch Initiative, and modular housing options.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Financing
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