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.
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 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.