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Zuckerberg's CZI donates to struggling towns near Facebook

Zuckerberg's CZI donates to struggling towns near Facebook
From TechCrunch - October 25, 2017

Facebooks success has led to gentrification and hardship in some towns close to its Menlo Park headquarters. So while the Chan Zuckerberg Initiative has committed more than $45 billion to solving health and education problems worldwide, today its strengthening its hyper-local philanthropy.

The new CZI Community Fund will provide $25,000 to $100,000 grants to nonprofits and nonprofit or municipality-backed organizations working to improve education, housing, homelessness, immigration, transportation and workforce development in Belle Haven, East Palo Alto, North Fair Oaks and Redwood City, California. For reference, the average rent in East Palo Alto just two miles from Facebook HQ went up 24 percent in the past year alone.

The Bay Area is our home. We love our community and are so proud to be raising our two daughters here, writes CZI co-founder Priscilla Chan, Mark Zuckerbergs wife.But listening to the stories from our local leaders and neighbors, there is still a lot of work to do.

The CZI has already backed some local projects, including criminal justice reform in California, and put $5 million toward Y Combinator startup Landed that helps school teachers pay for home down payments in districts close to Facebook HQ. It also donated $3.1 million to Community Legal Services in East Palo Alto that helps families impacted by the local housing shortage who need legal protection, in some cases from wrongful evictions. Plus CZI put $500,000 into theTerner Center for Housing Innovation at UC Berkeley to develop long-term answers to the regional housing crisis.

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