Everywhere in the Bay Area has a severe housing shortage. Even with $150k+ salaries, there are very limited housing options available on the peninsula. The Bay

Everywhere in the Bay Area has a severe housing shortage. Even with $150k+ salaries, there are very limited housing options available on the peninsula. The Bay Area's land-use policies are directly responsible for the absurdly high housing costs and terrible road congestion. Too many jobs are in office parks, too many houses are in far-flung and low-density areas. If Facebook can build 1000 apartment homes that would allow their employees to walk to work, they stand to benefit in huge ways. If that development can help subsidize 200 apartment homes for people who have been displaced by the skewed housing market, all the better. At least that's how I read their motivations.