Community Impact
The Amazon Housing Equity Fund’s investments will provide long-term affordable housing for more than 18,000 people. With low-rate loans, grants, and partnerships with local governments and mission-driven partners, Amazon is at the forefront in addressing a nationwide housing affordability shortage. As of August 2022, the Fund has:
• Partnered with 40 public agencies, nonprofits, affordable housing developers, and minority-led organizations to create or protect affordable homes.
• Announced more than $1.6 billion in loans and grants commitments.
• Created or preserved over 12,500 homes affordable to families making between 30% and 80% of Area Median Income (AMI).
Puget Sound Region, Washington
Amazon’s efforts in the Puget Sound region have already begun to net positive results. In Bellevue, Washington alone, we’ve increased the restricted affordable housing stock by approximately 20% as of August 2022. Those who currently live in Bellevue and are paying prevailing rate rents will experience up to a 30% reduction in their rent-to-income ratio when they move into a home supported by the Amazon Fund.
Arlington, VA/Washington D.C. Metro
Region
As we continue to grow our operations and teams at Amazon’s second headquarters in Arlington, Virginia, we’re committed to ensuring that affordable housing remains a viable and accessible option for communities in and around the Arlington, Virginia/Washington D.C. region.
Nashville,
Tennessee
Nashville is, by total number of units, has the most multifamily units under construction in America but very few of those new units will be affordable. Amazon is working to create more affordable housing opportunities. Nashville’s need for affordable housing is great and Amazon is committed to helping find a solution.
