San Francisco Foundation partners with Facebook to fund affordable housing

The San Francisco Foundation is teaming up with Facebook Inc. to fund affordable housing in Menlo Park and East Palo Alto.

The Foundation is contributing $1 million to Facebook (NYSE: FB)’s Catalyst Housing Fund to build and protect affordable housing within 15 miles of the tech giant’s hometown.

It’s the first outside contribution to the fund, which Facebook created in 2016 with $18.5 million. The program is one of the largest private sources of funding for affordable housing in the Bay Area,…