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.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

June 18, 2019 14:08 ET (18:08 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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