Facebook donates $1 billionFacebook will donate land in Menlo Park for more than 1,500 unitsof mixed-income housing.

MENLO PARK, CA—Not to be outdone by Google's large donationearlier this year, Facebook is also donating $1 billion during thecoming decade in affordable housing, mostly in the Golden State.The social network platform has partnered with governor GavinNewsom and others on projects intended to result in as many as20,000 new housing units for teachers, nurses, first responders andother essential workers, according to Facebook's chief financialofficer David Wehner. For example, in San Francisco, a family offour with a household income of $100,000 per year is considered lowincome, he says.

"We've learned that the production of affordable housing acrossthe income spectrum is a problem throughout California and must beaddressed through partnerships that bring companies, communities,nonprofit organizations and policy makers statewide together tofind creative solutions," Wehner said.

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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.