Amazon commits 124 mln USD to create over 1,000 affordable homes

Amazon announced Tuesday that it will invest over 124.4 million U.S. dollars to build 1,060 affordable homes near four public transit sites, working 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.

The new deals stem from Amazon’s 300-million-dollar transit commitment from 2021 to create 3,000 new affordable homes in collaboration with the transit agencies in each region.

“The Amazon Housing Equity Fund is tackling the affordable housing crisis on multiple fronts and through innovative solutions, such as teaming up with public transit authorities, which brings people closer to more opportunities, services, and a better quality of life,” said Catherine Buell, director of the Amazon Housing Equity Fund, a more than 2-billion-dollar commitment to create and preserve 20,000 affordable homes for individuals and families earning moderate to low incomes in Washington state’s Puget Sound region; the Arlington, Virginia region; and Nashville, Tennessee.

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