Amazon has recently announced a significant increase of $1.4 billion to its fully committed Housing Equity Fund, which was initially launched in 2021 with the aim of creating and preserving affordable homes in three communities where Amazon is based. The fund is dedicated to providing moderate- to low-income residents with access to high-quality affordable housing.
The e-commerce giant’s initiative has already shown support for various developments in the Seattle area, including two new apartment communities that have received a commitment of $31.3 million from the Fund. In addition, JLL revealed earlier this year that it had secured financing worth $139.64 million from the Fund for 11 affordable housing projects across Puget Sound.
With this latest funding boost, the total amount allocated by Amazon towards its Housing Equity Fund now exceeds $3.6 billion and will go towards creating over 35,000 affordable homes not just in Seattle but also in Arlington/National Capital region and Nashville areas as well.
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