Apple’s $50 million contribution will go to Destination: Home’s Supportive Housing and Innovation Fund, which was launched in 2018 to channel private, philanthropic investments towards proven solutions for reducing and preventing homelessness.
Since its launch, the Supportive Housing & Innovation Fund has already invested more than $15 million in key projects and initiatives that will help accelerate our progress towards ending homelessness in Silicon Valley. These investments have included:
- Providing no-interest or low-interest pre-development financing for 8 new housing developments with 622 supportive/ELI units.
- Funding new project manager positions at 4 supportive housing developers to advance construction of 1,300 new supportive/ELI units.
- Expanding capacity in the Homelessness Prevention System Pilot to serve 900 households in FY 19-20 and add targeted services for victims of domestic violence.
Read more about the Supportive Housing and Innovation Fund