Airbnb Was Built Because Its Founders Couldn’t Afford Rent. Now It’s Putting $250 Million Toward Affordable Housing

The company is seeking to address the nationwide housing crisis with a new financing program.

BY KEVIN HAYNES, NEWS WRITER

Airbnb is committing an initial $250 million to help finance new rental construction, a first step in the company’s plan to address a nationwide housing shortage amid criticism that short-term rentals have contributed to higher rents.

Through its new Housing Accelerator, Airbnb will provide what it calls “last-dollar”........

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