Chan-Zuckerberg Initiative Fronts New Bay Area Affordable Housing Fund

500M same size as Microsoft, but Zuck is not paying for the whole thing.

Key words "will offer flexible loans and other unspecified types of financing (so they get paid back) "…

What did you expect from Zuck?

That’s the Zuck I know and love. :smiling_face_with_three_hearts:

It’s more sustainable than giving out money as gift. But the loan amount will erode by inflation if they charge a low interest rate.

Free handout can’t last. Better lend to people rather than gifting.

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