Google Creates $86 Million Fund for Low-income Housing

September 3, 2010  |  

(Black Web 2.0) — While the debate continues on whether or not it’s truly evil, Google is busy tipping the scales in favor of good. Google has created an $86 million Low-Income Housing Tax Credit fund. The monies will be a major source of funding for the construction of 480 rental housing units located in seven communities throughout the West and Midwest. According to the press release, Google is injecting some much needing money into a sagging housing market. While the monies won’t cover the total cost of the project it’s a great start.

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