A Silicon Valley billionaire is leasing a two-acre plot of private land to a city for just $1 a year to help address the Bay Area's housing crisis. American real estate developer John Sobrato, 84, offered the San Jose City Council the opportunity to construct a 150-bed solar-powered temporary housing complex on Via Del Oro in the south of the metropolis. Sobrato said he approached the authority to offer his two-acre plot, which has sat unused for 30 years, after seeing increasing numbers of rough sleepers.
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