Here’s where the money Meta spent on its $1 billion pledge for affordable housing has gone

Here’s where the money Meta spent on its $1 billion pledge for affordable housing has gone

In 2021, nonprofit developer Allied Housing received $1.5 million via a fund that Meta had set up as part of the technology company’s $1 billion commitment to affordable housing made two years earlier. The 59-unit affordable apartment building Allied planned — half of the units reserved for formerly homeless renters — was exactly the kind of project Facebook’s parent company hoped its commitment would get off the ground. Within a year, Allied re…