New HomesFacebook is to build its own “village” of 1,500 homes for workers struggling to pay soaring rents as the housing crisis in Silicon Valley deepens.

The social networking company has submitted plans to the local council to create a new neighbourhood of homes, shops and a public plaza across the street from its global headquarters.

Mark Zuckerberg’s company said it was being forced to build the “mixed-use village” called Willow Campus in Menlo Park, about 30 miles south of San Francisco, because the regional government’s “failure” to invest in infrastructure has led to sky-high rents and hours-long commutes to work.

“Our goal for the Willow Campus is to create an integrated, mixed-use village that will provide much-needed services, housing and transit solutions as well as office space,” John Tenanes, Facebook’s vice-president for global facilities, said after the company submitted plans to Menlo Park officials.

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