Scorch announced, “Mysticals, we are in the Silicon Valley in San Jose, California. It is the central hub of innovation and technology.”
“Why are we here, Scorch?” asked Felix.
“To see how American multinational tech company, Apple, has spent $1.5 billion in the last four years to fund its affordable housing project in San Jose,” informed Scorch.
“Apple makes gadgets, right? When did it enter the real estate business?” Verum feared she had missed an important update related to the company.
“Well, no. Tim Cook, the Chief Executive Officer (CEO) of Apple thought that it is the company’s civic responsibility to fund projects that can have an impact on the community. He started this fund four years ago.
Apple searched for housing projects that were stuck with financial issues, innovations, last-minute emergencies, and other reasons. Apple’s Vice-President, Kristina Raspe, said they wanted to see the impact on the houses sooner.
The Silicon Valley Leadership Group and the County of Santa Clara founded a trust called Housing Trust Silicon Valley. A trust is an organisation where people put money that solely focuses on the welfare of others. Apple donated money to this trust and built a 94-unit apartment mainly for struggling senior citizens.
Apple also graciously offered money to 24,000 people who were on the verge of losing their homes because of financial troubles. Apple has planned to build homes for schoolteachers so that to facilitate their easy commute to work,” Scorch explained in detail.
“It is nice to see Apple taking the philanthropic route,” exclaimed Orak, “Felix, do you know how to pronounce San Jose?”
“You taught me. The ‘Jose’ is pronounced ‘hose, with ‘e’ ending as an ‘eh’, right?” Felix raised his eyebrows and folded his arms.
Orak nodded a yes. The Mysticals clapped for him. “I’m impressed, Felix!” praised Orak.