The cost of housing is rising and families who make a low-to-moderate income are having a hard time finding housing they can afford.
70% find themselves financially strained with housing costs, and people of color are disproportionately affected. To address this issue, Amazon will invest directly in efforts where our financial support will make a difference.
And though many regions across the nation have been wrangling with housing issues for years, very few are showing signs of improvement. In fact, 72 regions that were underproduced in 2012 have gotten worse, while only 14 regions are in the process of recovery. Another 75 regions that had adequate production in 2012 are now in danger of falling short. To solve a problem as big as the affordable housing shortage, we need the collaboration of everyone it touches. Luckily, there are tools and tactics that can be deployed at every level of government and across the private and nonprofit sectors to help address this challenge.
Due to an overwhelming number of applications in our Arlington, Virginia/Washington D.C. and Puget Sound communities, Amazon Housing Equity Fund will temporarily pause accepting applications from those regions until Q1 2023. The application portal for projects in the Nashville, TN region will remain open for submissions during this period.