Your Web News in One Place

Help Webnuz

Referal links:

Sign up for GreenGeeks web hosting
June 19, 2017 02:00 am

Google Fights Bay Area Housing Prices With Pre-Fab Housing

An anonymous reader quotes the Bay Area Newsgroup:With rental costs skyrocketing and homes out of reach for many, Google has hit on a solution that may help it attract workers to the crushingly expensive Bay Area. The tech giant plans to buy 300 units of modular housing to serve as temporary employee accommodations on its planned "Bay View" campus at NASA's Moffett Field, according to a source familiar with the plan. Experts heralded the move as not only good for Google, but as a potential template for others to follow as the high cost of construction combined with expensive real estate make affordable housing hard to come by... Modular housing has the potential to be "a real game changer" for the Bay Area housing crunch, said Matt Regan, senior vice-president of public policy at the Bay Area Council, a business group of which Google is a member... The Bay Area boasts many sites suitable for modular rental housing, undeveloped so far largely because the cost of traditional building is too high for the rent the facilities could generate, Regan said. With prefab housing costing up to 50 percent less, "all of a sudden sites like that become economically feasible to develop," Regan said.

Read more of this story at Slashdot.


Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/C6JOokgImR4/google-fights-bay-area-housing-prices-with-pre-fab-housing

Share this article:    Share on Facebook
View Full Article

Slashdot

Slashdot was originally created in September of 1997 by Rob "CmdrTaco" Malda. Today it is owned by Geeknet, Inc..

More About this Source Visit Slashdot