Airbnb backs $11B housing ballot measure in California

Airbnb is continuing to flex its political muscle with a $1 million contribution to California’s Proposition 1 — a ballot measure which, if approved, would allow the state to sell nearly $11.3 billion worth of bonds to fund housing.  The San Francisco-based short- and long-term rental platform announced its donation to “Yes to Prop 1” on Friday, following its recent launch of the Airbnb Housing Accelerator, which it says  will provide gap financing for affordable and mixed-income housing developments across the country.  Prop 1, which will come before voters in November, promises $7.2 billion for affordable housing programs, including new […]

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