What Led Microsoft to Invest $500M in Seattle Housing?

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, News Previous: Due Diligence and Florida Procedural Requirements Next: Homeownership: Through the Eyes of Black America Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Affordable Housing HOUSING Investment Microsoft seattle 2019-01-18 Radhika Ojha Share Save Demand Propels Home Prices Upward 2 days ago  Print This Post About Author: Radhika Ojha Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days agocenter_img The Best Markets For Residential Property Investors 2 days ago January 18, 2019 1,391 Views The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Affordable Housing HOUSING Investment Microsoft seattle Tech giant Microsoft recently announced an investment of $500 million in affordable housing in the Seattle area. Making the announcement, Brad Smith, President and Chief Legal Officer at Microsoft said that as a company Microsoft, which is headquartered in the neighboring city of Redmond, was very focused for the past 15 years on the health of the region and had “pursued this by focusing on two issues above all else—education and transportation.”Smith said that the changing times have made the company think about expanding their focus to include “the affordability of housing.”To understand the problem of affordable housing in the region, Microsoft partnered with Zillow and the Boston Consulting Group to analyze the need to preserve existing and create new affordable housing units for low- and middle-income households in the Puget Sound region that is comprised of Seattle and nine other surrounding cities, including Redmond.The analysis found that nurses, police, emergency medical technicians, firefighters, and teachers were among the many people who were challenged to afford a home in the Puget Sound region. Watch the video below to see what this group of people had to say about affordable housing options:<span data-mce-type=”bookmark” style=”display: inline-block; width: 0px; overflow: hidden; line-height: 0;” class=”mce_SELRES_start”></span><span data-mce-type=”bookmark” style=”display: inline-block; width: 0px; overflow: hidden; line-height: 0;” class=”mce_SELRES_start”></span><span data-mce-type=”bookmark” style=”display: inline-block; width: 0px; overflow: hidden; line-height: 0;” class=”mce_SELRES_start”></span> What Led Microsoft to Invest $500M in Seattle Housing? Subscribe Sign up for DS News Daily Home / Daily Dose / What Led Microsoft to Invest $500M in Seattle Housing?last_img read more