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By Josh Beckerman
Google Inc. is launched a housing-focused initiative as it seeks to be "a good neighbor" in the San Francisco Bay Area.
The company, part of Alphabet Inc. (GOOG, GOOGL), plans an additional $1 billion investment in housing.
In a blog post, Google Chief Executive Sundar Pichai said this will include repurposing at least $750 million of the company's land as residential housing.
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(END) Dow Jones Newswires
June 18, 2019 14:08 ET (18:08 GMT)
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