Amazon commits an additional $1.4 billion to affordable housing
What percentage of the affordable housing units funded by Amazon in the Puget Sound region serve households earning less than 60% of the area median income?
In the Puget Sound region, 62% of the affordable housing units funded by Amazon serve households earning less than 60% of the area median income.
How many affordable housing units has Amazon already helped create or preserve through its Housing Equity Fund?
Amazon has already helped create or preserve 21,000 affordable housing units through its Housing Equity Fund. The company has invested $2.2 billion in loans and grants toward these units.
What specific cities will benefit from Amazon's additional $1.4 billion investment in affordable housing?
Amazon's additional $1.4 billion investment in affordable housing will benefit three major cities and their surrounding areas. These cities are:
- The Puget Sound region, which includes Seattle and Bellevue in the state of Washington.
- Arlington, Virginia, and the surrounding Washington D.C. area.
- Nashville, Tennessee.
This investment is an extension of Amazon's existing Housing Equity Fund, a $2 billion initiative launched in 2021, aimed at creating and preserving 20,000 affordable housing units in the next five years3. The additional $1.4 billion investment is expected to help create and preserve another 14,000 homes in these regions.