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Apple pledges $2.5B to expand affordable housing in California

Tech companies have shouldered much of the blame for the recent housing crunch, as they have brought an influx of jobs that exceeded new housing construction, with incomes that floated the cost of living. According to theĀ National Low Income Housing Coalition, 45% of Californians rent their home, and the average hourly wage is below what is needed to rent a two-bedroom home.