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Microsoft ups pledge for affordable housing

Jan 16, 2020 - The Seattle Times

One year ago, Microsoft made national headlines with its largest pledge ever, a promise to invest $500 million in affordable housing.

On Wednesday, the tech giant put a potential $250 million on top of that.

Like most of its previous tranche of funding, though, the new money isn't for free - it's a line of credit for a state agency that administers tax-exempt bonds, a kind of low-cost financing for affordable-housing projects.

Unlike the previous round of funding, though, which...