Google And Affordable Senior Housing? Seriously….

What does one of the hottest technology companies in the world have to do with affordable senior housing?  According to an article in Novogradac’s Journal of Tax Credits entitled “Google’s Investment in Affordable Housing Gets Results”, Google Inc.’s first low-income housing tax credit (LIHTC) investment will benefit over 200 of California’s seniors looking for affordable housing.  The company made a $25 million investment in two properties according to the article.  With Google’s profitability and excess cash flow, these LIHTC investments might be the first of many to come.

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