Cisco spent a record-breaking $50 million on Silicon Valley homelessness. Where has it gotten us?

The Murky Nuz ^ | 7/5/22 | Marisa Kendall

[martin_fierro]

Cisco made a splash when it ponied up a record-breaking $50 million donation to fight homelessness in Silicon Valley. Now, that money is running out and even more people are sleeping on the streets. So what has it accomplished?

The donation helped fund 30 new apartment buildings for low-income and formerly homeless residents, provided cash to prevent struggling tenants from losing their homes and improved internet access in affordable buildings. Cisco was the first local tech giant to commit such a large sum to housing and homelessness, and since then, companies including Google, Facebook (now Meta) and Apple have followed suit.

Still, homelessness has increased since Cisco CEO Chuck Robbins announced the donation on stage at San Jose’s Tech Museum of Innovation in 2018, and for every two people Santa Clara County gets into housing, another three become homeless. Just five of the buildings Cisco helped fund have been completed so far, and experts say more money is needed.

Robbins recently toured the affordable, 143-unit Calabazas Apartments in Santa Clara – the first building funded with Cisco’s money. He met with residents and with Jennifer Loving of local nonprofit Destination: Home, which administered Cisco’s money.

8X SNIP X8

[martin_fierro]

Supply and Demand.

So long as CA keeps restricting building/expansion and so long as housing demand remains constant or grows, Cisco's pie-in-the-sky projects are throwing good money after bad.

[martin_fierro]

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[moovova]

But Cisco didn’t teach them to code?

[21twelve]

Donate money to Ducks Unlimited and you get more ducks.
Donate money to to Whales.Org you get more whales.
Donate $50 million dollars to homeless people.....

[Paladin2]

Can’t Cisco just go ahead and packet switch the Homeless to Rehoboth, Del. or to Nanzi Pelousy’s vineyard?

[piasa]

Probably bought them a lot of bricks so they could build their own homes. Who knew they would find alternative uses for bricks.

[dljordan]

build a work house like they used to have. they’ll clear out pretty quick.

[Born in 1950]

These criminal corporations are de facto taxing US citizens for their social projects. And no doubt wars

[hinckley buzzard]

Yep. Subsidize it, you get more of it.

[Seruzawa]

You’d think that by now even the densest socialist would have twigged on the fact that you can’t stop the poor from being poor by giving them money.

[circlecity]

“ experts say more money is needed.‘

boy, didn’t see that coming…..

[Steely Tom]

You’d think that by now even the densest socialist would have twigged on the fact that you can’t stop the poor from being poor by giving them money.

New ones are being born every day. Unending supply of density.

[srmanuel]

It might be easier for them to create a specific VLAN and alter the QoS to give them prior and switch them to Rehoboth.

[es345st]

“Where has it gotten us?”

Right where you started.

[Regulator]

The maroon coulda bought an entire town in West Texas or Eastern Nebraska for that much.

But of course the little darlings deserve to live in the single most expensive zip code in America, right?

[YouGoTexasGirl]

HYSTERICAL AND TRUE!!!!!!!!

BILLBOARD NEEDED OFF 237!!!

[pepsi_junkie]

Note to self: don’t invest in companies that spend millions of shareholders dollars on futile efforts to fix democrat created social problems.

[Mr Ramsbotham]

It might be easier for them to create a specific VLAN and alter the QoS to give them prior and switch them to Rehoboth.

Or just set up an ACL and throw them in the bit bucket.

[YouGoTexasGirl]

We used to hike on the trail from 237 to Dixie Landing. It’s the tail end of the bay and mostly a dry creek. In a matter of six months, the homeless had three story homes from the construction trash pile from the buildings going up just over the levee!!! It was horrible and we had to stop walking much of it due to safety. Our last visit in 2019 they were evicting them and it was again very nice. I wonder what it is now. Very close to Cisco megaplex.

BUT, if you are going to be homeless, the best weather is that part of CA...!!!

[Trump Girl Kit Cat]

The money ends up the SAME WAY the BLM money ended up in the pockets of the of the scum running these organizations!! Share holders NEED to start screaming until then they get what they deserve!!!