Google Builds Affordable Housing in Mass.

Why are technology companies like Google flocking to invest in affordable housing? Tax breaks. But their investment is creating new jobs and rebuilding a community. I wonder if these will be eco-friendly homes.

www.boston.com

When most people hear the name Google, they think Internet searches, not affordable housing.

Google and other companies know something that others don’t: Rental and low-income housing projects are now among the most lucrative investments available, with businesses from Apple Inc. to Sherwin-Williams Co. buying millions in government tax credits used to finance affordable homes in Massachusetts and other states. These companies use the credits to significantly reduce their tax bills