Amazon will put $2 billion toward affordable housing near its headquarters
The Housing Equity Fund aims to “create or preserve 20,000 affordable homes in all three of our headquarters regions — Arlington, Puget Sound, and Nashville. It will also help local families achieve long-term stability while building strong, inclusive communities,” Amazon founder and CEO Jeff Bezos said in a statement.
The money will be in the form of below-market loans and grants to housing partners, as well as both traditional and nontraditional housing agencies, and minority-led agencies.
Amazon will kick its investments off with $381.9 million for housing in Arlington, Virginia, and $185.5 million for Washington state.