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Microsoft pledges $500 million to tackle housing crisis in Seattle, Eastside

The neon sign outside Li Po Cocktail Lounge, a favorite after-hours Beat spot in the Chinatown district of San Francisco, Feb. 24, 2019. The bar is famous for its Chinese mai tais. (Jason Henry/The New York Times) .

The pledge is the largest in the company's 44-year history, and comes as Microsoft and other tech giants that have driven the region's economic boom face increasing pressure to help mitigate affordable-housing shortages.

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