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(CNN) -- Apple announced a .5 billion financial package to help address the housing crisis in California, which has worsened in part because of the rapid growth of tech companies.The company laid out a five-point plan, including billion for an affordable housing investment fund, billion in mortgage assistance for first-time home buyers and opening some Apple-owned land valued at 0 million for development. The remaining 0 million will go toward a San Francisco housing fund and to support vulnerable populations.In San Francisco, roughly 7,000 people are homeless. There is a shortage of affordable homes across the Bay Area, which is pushing out middle and low-income workers like teachers and restaurant employees. Critics say the influx of tech companies and their well-paid workers has contributed to the ongoing housing crisis.RELATED: Company turns several San Diego apartments into vacation rentals"Affordable housing means stability and dignity, opportunity and pride," said Apple CEO Tim Cook in a press release. "When these things fall out of reach for too many, we know the course we are on is unsustainable, and Apple is committed to being part of the solution."The money won't be distributed immediately or all at once. Apple said it will "take approximately two years to be fully utilized depending on the availability of projects." Money made on the projects will be "reinvested in future projects over the next five years," the company said.RELATED: Study examines San Diego's 'affordability crisis'The financial package was created in partnership with California Governor Gavin Newsom. He said that Apple is "serious about solving this issue" and hopes other companies follow the company's lead.Other tech companies have announced financial packages with similar goals, although Apple's is the largest.Google pledged billion in June to redevelop company-owned land for affordable housing and created an investment fund to incentivize developers to build at least 5,000 affordable housing units in the region. In January, Facebook teamed up with organizations to raise 0 million to help fight the housing crisis.The housing issue has received national attention and was a topic of major debate during the last California state election.RELATED: Home building numbers show major decrease in San Diego in 2019In November 2018, voters passed the largest corporate tax increase in San Francisco's history — an issue that pitted Salesforce CEO Marc Benioff against Twitter and Square CEO Jack Dorsey. Benioff accused Dorsey and other tech leaders who opposed the ballot measure of not giving enough back to the city where their companies are headquartered. As tech companies expand, their high-paid employees create a supply-demand imbalance for housing, sending California's home prices through the roof.-- CNN Business' Ahiza Garcia contributed to this report. 2904
Information on when and how to file an Unemployment Insurance Claim (LINK)GETTING BACK TO WORK: Links and tools for browsing local jobs listingsHelp available for renters, homeowners struggling to pay for housing during pandemic (READ) 245

#EarthquakeResponse @kerncountyfire resources working nearly 2 dozens incidents ranging from medical assistance to structure fires in and around the city of Ridgecrest, CA. @kerncountyfire Urban Search and Rescue teams en route. #kerncountyfirefighters— Kern County Fire (@kerncountyfire) July 4, 2019 315
Austin Perine's superhero cape glides and flutters as he hands chicken sandwiches to homeless men outside a shelter in Birmingham, Alabama.It's a sweltering 95 degrees outside, but at age 4, Austin is undeterred. The red satin cape he wears, he says, makes him go faster. "It blows in the wind," he explains with a smile.At the shelter, he's quickly met with a merriment of high-fives and pats on the shoulder. Since March, he's become a familiar face to the homeless men and women congregated on the sidewalk outside the Firehouse Ministries' red brick building.With the help of his dad, TJ Perine, Austin drops off meals on a weekly basis, or as he calls it "giving food and smiles." 699
Y’all…the sandwich is back Sunday, November 3rd. Then every day. ???? pic.twitter.com/JDxyCIv0zz— Popeyes Chicken (@PopeyesChicken) October 28, 2019 160
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