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Amazon and Sound Transit Announce a $100 Million Commitment to Accelerate the Creation of an Estimated 1,200 Affordable Housing Units Near Light Rail Stations Across the Puget Sound Region
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Amazon Commits $300 Million To Develop Affordable Housing In Three Cities
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The Brief: Democracy s power brokers (podcast), lab-grown beef, blending SDG capital, workforce housing in D C , gender + climate call recap
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Amazon and Other Tech Giants Make Billion-Dollar Commitments to Affordable Housing
Some of the world s biggest companies are investing in affordable housing, hoping to stymie the growing crisis their growth has contributed to. January 19, 2021, 11am PST | Diana Ionescu |
Amazon s newly launched Housing Equity Fund promises to build and preserve more than 20,000 housing units near the company s three U.S. hubs with a $2 billion investment. The program includes below-market grants and loans to public agencies, housing partners and minority-led groups, according to Cailin Crowe.
Amazon expects the workforce at these three locations to reach around 5,000 employees in the next few years and calls the housing initiative an effort to be part of the solution to the housing affordability crisis facing many of their employees and other residents in surrounding communities. Tech giants like Amazon have made a number of affordable housing investments in recent years, a problem man
Amazon Launches $2 Billion Housing Fund to Make 20,000 Affordable Homes Available for Working Families in 3 Cities
Jan 16, 2021
Amazon this month unveiled a new Housing Equity Fund, investing more than $2 billion to preserve and create over 20,000 affordable housing units in three communities where the company has thousands of employees Washington State’s Puget Sound; Arlington, Virginia; and Nashville, Tennessee.
Amazon’s Housing Equity Fund will help preserve existing housing and help create housing developments through below-market loans and grants to housing partners, public agencies, and minority-led organizations.
The Fund seeks to “ensure that moderate- to low-income families can afford housing in resource-rich communities with easy access to neighborhood services, amenities, and jobs,” according to a news release.