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Airbnb Pledges $250 Million to Jump-Start Stalled Housing Projects
Summary by HousingWire
4 Articles
4 Articles
Airbnb Launches $250M Fund to Develop Affordable Housing
Airbnb is joining the fight to alleviate America’s ongoing housing supply shortage. The online rental housing marketplace announced Monday that it plans to invest $250 million to fill financing gaps in the development of affordable and mixed-income multifamily projects. The firm projects that the $250 million will turn into $5 billion in development capital as […]
The American rental platform Airbnb is going to invest in building houses for the first time. With a seed fund of 250 million dollars, however, the initiative is of only a modest scale for the time being.
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