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San Francisco Mayor London Breed, Airbnb and Twilio Inc. have announced a $2.7 million commitment to helping the city’s homeless. The funding will support the Rising Up campaign, which provides housing and job placement services to more than 500 young people in San Francisco. Rising Up plans to cut the homeless population in the city in half within the next four years. The donation from Airbnb and Twilio will be used for expanding Rising Up’s capacity. According to a county and city report almost 7,000 homeless residents lived in San Francisco in 2017 — an increase of over 4 percent since the 2015 count. “Shelter is a basic need, yet on any given night, nearly 1,200 young people sleep on San Francisco streets. This is our hometown, and we have a responsibility to help those young people in need of housing and job opportunities,” Airbnb Co-founder and CEO Brian Chesky said in a press release. Homelessness and income inequality are ongoing problems in cities with booming tech sectors...
On Tuesday, Airbnb announced its donation of $5 million to help San Francisco’s homeless population, making it the largest donation from the company to its hometown. According to a report by the city and county of San Francisco, the city had almost 7,000 homeless residents including the general street and shelter count in 2017. This is an increase of over 4 percent since the 2015 count. “Over the next three years, Airbnb will commit $5 million to address the homelessness crisis in San Francisco,” Airbnb said in a blog post published Tuesday. “This is our hometown and this is our shared responsibility.” The announcement comes after San Francisco residents voted to implement a “ homelessness tax ” on big businesses housed in the city. Proposition C taxes gross receipts for businesses with over $50 million in gross annual receipts and payroll expenses for certain businesses with over $1 billion in gross annual receipts. Proposition C was not well received by tech companies in the city...