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Amazon Launches $2 Billion Housing Fund to Make 20,000 Affordable Homes Available for Working Families in 3 Cities

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. ....

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Amazon Funds Purchase Crystal City Apartment Building for Conversion to Affordable Housing

Financed by Amazon, a D.C. area housing nonprofit bought and will stabilize rent at a luxury apartment building in Crystal City.
The tech giant announced on Wednesday that it is contributing $381.9 million to Washington Housing Conservancy to create and preserve 1,300 affordable housing units at Crystal House (1900 S. Eads St), as rents rise amid Amazon’s expansion into the area.
“Amazon’s investment in affordable housing in Arlington is transformational and couldn’t come at a better time,” County Board Chair Matt de Ferranti said in a statement. “We are delighted to further strengthen our partnership with Amazon and to work together to serve our shared commitment to equity and economic opportunity for all of our residents.” ....

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Breakfast links: The Chesapeake Bay's health gets a D+ for the second year in a row – Greater Greater Washington

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