If it brings the price of housing down, then it’s good. If it gets a bunch of people into loans they can’t afford at the top of a record bull market, then it’s bad
> The loans could go to private or nonprofit developers, or to governmental groups like the King County Housing Authority. As the loans are repaid, Mr. Smith said, Microsoft plans to lend the money out again to support additional projects.
https://www.seattletimes.com/seattle-news/homeless/microsoft...
The key is zoning and it sounds like they have some local buy-in from politicians (see the attached statement of mayors in that article). I'm skeptical that happens, NIMBYs have a way of stalling up zoning, but it's a still a step in the right direction.