Amazon adds another $150M for affordable housing in Seattle area
Amazon will provide $150 million to build and preserve 1,700 units of affordable housing in Seattle and neighboring cities. The new funding, announced Monday at a press conference with Seattle Mayor Bruce Harrell, will go to 10 nonprofit organizations to pay for low-rate loans and grants. It’s part of the company’s $2 billion Amazon Housing Equity Fund to support the increase in affordable homes in the regions of Seattle, Nashville, Tenn., and Arlington, Va. Amazon’s total contribution to the initiative is now more than $500 million for the Seattle area. The region has struggled to shelter thousands of unhoused residents… Read More