Amazon Lays Out Affordable Housing Investments in D.C., Nashville and Puget Sound

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.

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(END) Dow Jones Newswires

06-16-21 0650ET