Apple has announced that it will commit 2.5 billion dollars toward affordable housing in California.
Apple is the latest tech giant to pledge money after Facebook, Google and Microsoft made similar pledges this year.
And it comes amid criticism that tech firms had done too little to ease an affordability crunch that their rapid expansion helped worsen.
The company did not provide an estimate of how many homes its investments are intended to create.
But according to the nonprofit California Housing Partnership, the state needs 1.4 million additional below-market homes to satisfy demand.
Nearly 30,000 people left San Francisco between April and June of this year.
