By Housing Finance
Amazon is committing an additional $1.4 billion to its Amazon Housing Equity Fund to create or preserve another 14,000 affordable homes.
The move brings the fund’s total to more than $3.6 billion to finance more than 35,000 affordable homes in areas where the company has a big presence—Washington’s Puget Sound region, the Virginia/national capital region, and Nashville, Tennessee.
“We created the Amazon Housing Equity Fund to preserve and create homes that will remain affordable for the next century, ensuring families can stay in their communities for generations to come,” said Amazon CEO Andy Jassy. “We hope that our additional commitment—coupled with other public and private resources—will help make a meaningful difference for thousands more people and enable these regions to thrive.”
