Elon Musk Spends $5 Million to Build Housing for Low-Income Families, Creating Sustainable Communities

late March 2025, a rumor spread online that Elon Musk, the tech billionaire and adviser to U.S. President Donald Trump, had invested $5 million to build affordable housing for low-income families.

The story circulated weeks after The Associated

Snopes readers searched our site and wrote in looking for information about the claim.

In short, there was no demonstrable evidence that Musk had invested $5 million to build affordable housing for low-income families. As a result, we’ve rated this claim false.

First, although the article some posts linked to claimed that Musk had “recently announced a $5 million investment to build affordable housing for low-income families,” a Google search for the terms “Elon Musk,”