Silicon Valley giants are investing hundreds of millions in housing projects across North America

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A rendering of Facebook's village in Menlo Park, California.

Tech giants like Facebook, Google, and LinkedIn are known for their digital products. But in the past several years, these companies and others like them have started to focus on an industry beyond their core business: real estate development.

From the lure of tax credits to efforts to provide residences for employees, there are several reasons why Silicon Valley companies are looking to build housing and even entire cities.

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