Amazon Lays Out Affordable Housing Investments in D.C., Nashville and Puget Sound
June 16 2021 - 5:53AM
Dow Jones News
By Dave Sebastian
Amazon.com Inc. laid out how it would invest part of its roughly
$2 billion Housing Equity Fund for affordable-housing projects in
the Washington, D.C., metro area; the Nashville area; and Puget
Sound in Washington state.
The e-commerce giant on Wednesday said it is investing $125
million in below-market capital to create more than 1,000 units at
Metro stations throughout D.C., $100 million for 1,200 units near
light-rail stations in the Puget Sound region and $75 million for
800 units at high-traffic public transit sites in the Nashville
area.
The Housing Equity Fund aims to keep and create more than 20,000
affordable homes through below-market loans and grants to housing
partners, public agencies and minority-led organizations, Amazon
said.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
June 16, 2021 06:50 ET (10:50 GMT)
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