Affordable Housing
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Press Releases
Amazon Commits $124 Million to Create More Than 1,000 Affordable Homes near Transit Stations in Washington state’s Puget Sound region and the Arlington, Virginia region
Amazon (NASDAQ: AMZN) announced it will invest over $124.4 million to build 1,060 affordable homes near four public transit sites and work in partnership with the Washington Metropolitan Area Transit Authority (Metro) and Sound Transit, the transit system serving the Central Puget Sound region of Washington state, to complete the housing developments. The new deals stem from Amazon’s $300 million transit commitment from 2021 to create…
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Press Releases
Amazon Launches Accelerator Program to Grow Opportunities for Real Estate Developers of Color and Increase Affordable Housing
Amazon (NASDAQ: AMZN) announced it is committing more than $21 million to pilot a professional training, mentorship, and capital funding program to help promote real estate developers of color. This two-year, part-time professional development program, which is free for participants, aims to teach real estate developers of color how to advance their careers. It also aims to lower the barriers these developers can…
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Press Releases
Amazon and Metro Announce a $125 Million Commitment to Create 1,000 Affordable Housing Units at Metro Stations in the Washington, D.C. Metropolitan Area
Amazon (Nasdaq:AMZN) and the Washington Metropolitan Area Transit Authority (Metro) today announced a goal to create more than 1,000 new affordable housing units at Metro Stations throughout the Washington, D.C. metropolitan region. Amazon is committing $125 million in below-market capital to expedite development of affordable homes so that moderate- to low-income families in the National Capital Region can afford to live in communities with easy…
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Press Releases
Amazon Commits $75 Million to Develop 800 New Affordable Housing Units in Nashville Area at High-Traffic WeGo Public Transit Sites
Amazon (NASDAQ: AMZN) today announced a commitment of $75 million in below-market capital for developers to create 800 affordable homes in the Nashville, Tennessee area near WeGo high-capacity transit corridors. The investment is part of Amazon’s more than $2 billion Housing Equity Fund to preserve and create over 20,000 affordable homes through below-market loans to housing partners, traditional and non-traditional public agencies, and minority-led…
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Press Releases
Amazon Launches $2 Billion Housing Equity Fund to Make Over 20,000 Affordable Homes Available for Families in Communities It Calls Home
SEATTLE–(BUSINESS WIRE)–Jan. 6, 2021– Amazon (NASDAQ: AMZN) today announced the Housing Equity Fund, a more than $2 billion commitment to preserve and create over 20,000 affordable housing units in Washington State’s Puget Sound region; Arlington, Virginia; and Nashville, Tennessee—three communities where the company has or expects to have at least 5,000 employees each in the coming years. Amazon’s Housing Equity Fund will help preserve existing housing and…
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