FILE - In this Feb. 9, 2016 file photo, a man lies in a tent with others camped nearby, under and near an overpass in Seattle. Microsoft pledged $500 million to address homelessness and develop affordable housing in response to the Seattle region’s widening affordability gap. The company, which plans a news conference Thursday, Jan. 17, 2019, will split the funds three ways. (AP Photo/Elaine Thompson, File)
Microsoft Corp. President Brad Smith speaks Thursday, Jan. 17, 2019, during a news conference in Bellevue, Wash., to announce a $500 million pledge by Microsoft to develop affordable housing for low- and middle-income workers in response to the Seattle region’s widening affordability gap and to also to address homelessness. (AP Photo/Ted S. Warren)
SEATTLE — Microsoft says it will devote $500 million to address a problem its own success helped create: the severe need for affordable housing in the Seattle area.