US EditionMark Zuckerberg’s charity quietly cuts funding for affordable housing, homelessness groups
- In April 2024, the Chan Zuckerberg Initiative celebrated five years since it committed $50 million to a California housing initiative that it helped seed.
- Since 2018, CZI had invested nearly $200 million toward housing production and advocacy, but it has recently reversed course, deciding to end funding for many California housing and homelessness groups.
- This pullback includes layoffs of about half the CZI housing team and cuts to important programs like the Housing Narrative Partner Program, which unified advocates to improve housing affordability and promote racial equity.
- Judith Bell, CZI’s Chief Impact Officer, called the funding halt devastating amid federal cuts, while advocates like Edie Irons described it as a blow to California's housing justice movement.
- CZI intends to phase out its California housing program by late 2026 to concentrate more on biomedical research, a decision that has left many community leaders feeling let down and uncertain about ongoing support from the foundation.
34 Articles
34 Articles
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Rewind to 2016. Tech is coming off a two-year financing high marked by record-breaking private funding rounds, an explosion of unicorn start-ups, and an unprecedented wave of megadeals. Perched on top is Mark Zuckerberg, founder of Facebook, whose personal fortune will grow this year by $11.2 billion, more than any other billionaire’s. Meanwhile, a type […]
The Virginian Pilot
Mark Zuckerberg’s charity quietly cuts funding for affordable housing, homelessness groups
In April 2024, Priscilla Chan sat on a stage during the five-year anniversary celebration for a housing initiative that she and husband Mark Zuckerberg’s philanthropy had seeded with a $50 million commitment. She explained their mission: “To improve housing affordability for folks across the socioeconomic spectrum, but especially for those who can least afford it, and to promote racial equity and economic inclusion.” Related Articles …
Groups concerend as Chan-Zuckerberg Initiative steps away from funding housing programs
The Chan-Zuckerberg Initiative said it will move away from funding affordable housing groups to focus on science initiatives. Although housing groups, many of which said they are grateful for the support over the years, are now facing a large gap to fill. “We’re still kind of figuring out how them pulling back their funding is gonna impact our impact and ability to have operations in the East Bay,” said Lindsay Haddix, the executive director of …
The Mercury news
siliconvalley.comMark Zuckerberg’s philanthropy quietly cuts funding for affordable housing, homelessness groups
In April 2024, Priscilla Chan sat on a stage during the five-year anniversary celebration for a housing initiative that she and husband Mark Zuckerberg’s philanthropy had seeded with a $50 million commitment. She explained their mission: “To improve housing affordability for folks across the socioeconomic spectrum, but especially for those who can least afford it, and to promote racial equity and economic inclusion.” A year later, the Chan Zucke…
HUD is months behind on sending some agreements for community grants to fight homelessness
The freshly redesigned website for the the US Department of Housing and Urban Development (HUD) shows a picturesque cul-de-sac of cookie-cutter homes against a sunset and a quote from Secretary Scott Turner: “God blessed us with this great nation, and together, we can increase self-sufficiency and empower Americans to climb the economic ladder toward a brighter future.” But for unhoused people and service providers navigating this year’s cuts to…
Zuckerberg's yacht met protests on Svalbard - Norway's News in English — www.newsinenglish.no
Climate activists on Svalbard were not happy when one of the world’s largest yachts, owned by one of the world’s richest men, was seen sailing around the Arctic archipelago this week. They carried banners claiming that “Svalbard can’t afford the super-rich,” and branded the yacht’s presence as inappropriate. “Its entire voyage from the Azores to […] The post Zuckerberg’s yacht met protests on Svalbard appeared first on Norway's News in English —…
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