June 18 (UPI) -- Google on Tuesday announced plans to invest $1 billion to build 20,000 homes in the California Bay Area over the next 10 years.
In a post on the company's blog, CEO Sundar Pichai said the plan involves repurposing some of the company's land and providing incentives for developers to construct affordable housing. Google's base in the Bay Area has experienced rising living costs and a lack of housing.