Microsoft ups pledge for affordable housing
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...