Facebook, Inc.: Catalyst Housing Fund
Facebook is investing in affordable housing projects near its corporate headquarters in partnership with Envision Transform Build, East Palo Alto, and Menlo Park, California.
“Facebook stands for community. Our commitment extends from our global community to our physical headquarters in California. We are particularly dedicated to being an active and responsible partner at our home.”
Program Strategy
- Focused on Physical Environment, Facebook is investing US$18.5 million to US$75 million to fund affordable housing solutions over the next five to eight years.
- The initiative targets individuals in East Palo Alto and Menlo Park with limited access to affordable housing.
Program Details
- The Scopes of Action are Community Engagement and Policy and Advocacy.
- Partners include the cities of East Palo Alto and Menlo Park, Envision Transform Build, and Local Initiatives Support Corporation.
- The fund is scaling and attracting additional corporate and nonprofit investors.
Program Metrics
Near-Term Outcomes
Metrics not yet available. However, applicable metrics include:
- Safe and comfortable housing: Number of families living in homes without overcrowding, high housing costs, or lack of kitchen or plumbing facilities.
Long-Term Impacts
Metrics not yet available. However, applicable metrics include:
- Inequality ratios
- Household income
Program: Community Engagement | Policy and Advocacy
