WASHINGTON: Apple Inc. has announced that it will provide more than $ 400 million for affordable housing projects and homeownership assistance programs in California this year, a milestone in the company's commitment to $ 2.5 billion to fight the housing crisis.

The announcement will support thousands of Californians with the help of first-time homebuyers or affordable homeowners.

"At a time when our community members are facing unprecedented challenges, we believe it is important to make sure that we do not overdo it," said Kristina Raspe, Apple's vice president for global real estate and furniture. Their hopes for the future are supported through programs and practical results. ” By Chhouk Bora