Airbnb has launched a new Housing Accelerator, committing $250 million in initial funding that aims to unlock up to $5 billion for affordable and mixed income rental projects over the next decade. The program targets near shovel ready developments that still lack final capital, with the first $6.4 million going to support 201 affordable units in Austin, Texas. Airbnb shares last traded at US$170.65, down 7.29% over the past month and 6.21% over the past week, though the 1 year total shareholder return stands at 41.77% and the 3 year total shareholder return at 19.71%. The most followed narrative pegs Airbnb's fair value at $181.84, implying the stock is 6% undervalued, while a discounted cash flow model points to a future cash flow value of $302.45 per share, a 43.6% discount.
Airbnb IncAirbnb commits $250M to a Housing Accelerator to unlock up to $5B for affordable rental projects, a capital allocation initiative.
