The number of living options in Silicon Valley are scarce and as Facebook prepares to expand its Menlo Park, California headquarters, which will add about 6,500 workers. It also plans to add housing. Fortune staffer Michael Addady takes a look at Facebook's plan to build 1,500 new housing units available to the general public, with 15% of those units reserved for low- and middle-income families.
John Tenanes, Facebook's head of real estate, explains what is desired from these planned buildings:
“The intent here is to make an impact … it’s to try something new and something bold and to try to make a difference.” Residents are also concerned about traffic, which has become a significant problem as the area becomes more congested. In an additional effort to get locals on board with the company’s expansion, Facebook will be allocating millions to studying and improving transportation.