Apple CEO Tim Cook created a corporate fund four years ago to advance Affordable Housing projects in San Jose. $1.5 billion has already been spent, resulting in the creation of thousands of housing units across the city and county. Apple has focused on funding projects that need the last tranche of funding to be built, rather than projects in the conceptual phase. They have partnered with affordable housing non-profit organizations to identify and support projects that have hit last-minute snags. Apple has also traded land with the county to facilitate the construction of affordable housing for teachers near schools.

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