India's No. 1 Affordable Computer Franchise (ISO Certified, Govt. Approved) | Get approval in 10 Hours. For Inquiries: CALL +91-9774064470

Microsoft Pledges $500 Million for Affordable Housing in Seattle Area

SEATTLE — The Seattle area, home to both Microsoft and Amazon, is a potent symbol of the affordable housing crisis that has followed the explosive growth of tech hubs. Now Microsoft, arguing that the industry has an interest and responsibility to help people left behind in communities transformed by the boom, is putting up $500 million to help address the problem.Microsoft’s money represents the most ambitious effort by a tech company to directly address the inequality that has spread in areas where the industry is concentrated, particularly on the West Coast. It will fund construction for homes affordable not only to the company’s own non-tech workers, but…

Continue Reading

Bad Landlord? These Coders Are Here to Help

[What you need to know to start the day: Get New York Today in your inbox.]When Dan Kass moved to New York City in 2013 after graduating from college in Boston, his introduction to the city was one that many New Yorkers are all too familiar with: a bad landlord.Mr. Kass and two roommates rented a cramped basement apartment in Crown Heights in Brooklyn, which they soon found out was riddled with problems and had been rented illegally.“It was completely without heat in the winter time,” Mr. Kass said. “You didn’t see it when you did the initial walk-through, but there was a huge cockroach infestation behind…

Continue Reading

Seattle Scales Back Tax in Face of Amazon’s Revolt, but Tensions Linger

SEATTLE — After intense lobbying by local businesses and a bold threat by Amazon to curtail development in its hometown, the Seattle City Council on Monday approved a smaller and more limited tax on big companies than originally envisioned.The new tax — dubbed the “Amazon Tax” by locals — will fund affordable housing and homeless services in a city whose economic boom, driven in no small part by Amazon, has priced many residents out of the area and forced some onto the streets.Amazon, which halted two major expansion projects in Seattle in protest over the larger tax increase, said it was disappointed even with the smaller tax…

Continue Reading

One Goal of Amazon’s HQ2: Learn the Lessons of Seattle

Amazon’s search for a second headquarters has been a pageant of finalist cities doing everything they can to woo the company and the good jobs and huge construction projects it would bring. The most controversial part of the process has been the big tax incentives that some state and local governments have offered Amazon, seen by critics as ineffective corporate giveaways.Photo Home prices in Seattle are growing faster than those in any other large city. Credit Kyle Johnson for The New York Times Amazon wrapped up its visits in mid-April to all 20 finalist locations for its HQ2, as Amazon calls its second headquarters. The company is…

Continue Reading

What Amazon’s New Headquarters Could Mean for Rents

A recent Elon University poll of residents in the finalist cities found that while relatively few residents outright oppose Amazon moving to their city, only 43 percent strongly supported such a move. Residents in many cities said they were concerned that Amazon’s arrival would increase the cost of living and opposed offering special incentives to attract the company.In Nashville, the debate over HQ2 has gotten caught up in a broader discussion of gentrification, race and the consequences of growth. Residents long described Nashville as a small town disguised as a big city. But over the last decade, the city’s tourism industry has taken off, and some of…

Continue Reading