Cisco spent a record-breaking $50 million on Silicon Valley homelessness. Where has it gotten us?

Cisco CEO Chuck Robbins, right, looks at Fred Pena’s, left, apartment during a tour of the Calabazas Community Apartments in Santa Clara, Calif., on Thursday, June 23, 2022. (Nhat V. Meyer/Bay Area News Group)

Cisco made a splash when it ponied up a record-breaking $50 million donation to fight homelessness in Silicon Valley. Now, that money is running out and even more people are sleeping on the streets. So what has it accomplished?

The donation helped fund 30 new apartment buildings for low-income and formerly homeless residents, provided cash to prevent struggling tenants from losing their homes and improved internet access in affordable

→ Continue reading at Mercury News

More from author

Related posts

Advertisment

Latest posts

Hesitant home hunter seeks insight about expensive surprises

Q: In 1989, my parents were overjoyed to buy a single-family home after years of saving up for a down payment. The joy was...

Elegance and beauty

Elegance and beauty abound in this stunning four-bedroom, three-and-a-half bathroom fully renovated Craftsman home.This home includes a 614-square-foot basement with bonus space, storage space...

49ers camp: Answering hefty questions about offensive line

SANTA CLARA, CALIFORNIA – AUGUST 07: San Francisco 49ers’ Spencer Burford (74) stands on the field next to San Francisco...