The pledge has been whittled down significantly as the Silicon Valley tech company has faced layoffs and shifting priorities.

Executives at Facebook’s parent company in 2022 stopped committing funding to the initiative, slowing progress.

Mark Zuckerberg’s Meta is seemingly pulling back from its plan to spend $1 billion on affordable housing in California.

He said he would like to bring Zuckerberg back to Capitol Hill to testify about housing discrimination and a long list of issues concerning Meta’s algorithms. He said regulations are overdue.

A $250 million effort to finance mixed-income housing on surplus state land throughout California was in the works when Meta ...