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Airbnb will invest $25M in affordable housing and small businesses

September 19, 2019 / PhocusWire

Airbnb is launching a community investment program with an initial $25 million to support affordable homeownership, small businesses and the construction and preservation of affordable rental housing in the San Francisco Bay Area and Los Angeles County.The company says if the pilot program is successful it will expand to more communities throughout California and across the country.“I want Airbnb to be a 21st-century company that serves all our stakeholders, including the communities our hosts and guests call home,” says Chesky.

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