Billionaire MacKenzie Scott's Generous Donation Tackles SoCal's Unaffordable Housing Crisis

Billionaire philanthropist MacKenzie Scott has made a $15 million donation to Century Housing, a California-based affordable housing nonprofit organization. This is part of Scott's ongoing efforts to combat the affordable housing crisis in California. The donation comes as rent in Southern California consumes a significant portion of residents' earnings, with the average monthly rent in Los Angeles being over $2,700. Scott's donation will be used to increase the supply of affordable housing in Southern California and support projects aimed at providing housing security for more residents. Since 2019, Scott has given away over $14 billion to various nonprofit organizations and universities.