Amazon commits $2 billion toward affordable housing
The company says it will create 20,000 affordable housing units in Washington State's Puget Sound region; Arlington, Virginia, and Nashville, Tennessee.
Author: TEGNA
Updated: 10:59 AM EST January 6, 2021
WASHINGTON —
Editor's note: The video above was first published in October 2019.
Amazon says it is committing $2 billion to help fund affordable housing units in Washington, Virginia and Tennessee.
Amazon's "Housing Equity Fund" will help "preserve existing housing and help create inclusive housing developments through below-market loans and grants to housing partners," according to a press release.
The company says it will create 20,000 affordable housing units in Washington State's Puget Sound region; Arlington, Virginia, and Nashville, Tennessee, communities with more than 5,000 Amazon employees expected in the coming years.