what is the fund?

Our Projects

Select Region

210 on The Park

LOCATION
Capitol Heights, MD

Partner

A Wash & Associates

Partner

Northern Real Estate Urban Ventures (NREUV)

# of Affordable Units

130
loan amount
$12,000,000
grant amount
description

A. Wash and Associates, Inc. and Northern Real Estate Urban Ventures (NREUV), are both Black-led real estate development organizations with deep ties to the Washington, D.C. area. They are collaborating on 210 on the Park, which will be a newly constructed development containing 130 affordable units for households earning between 70%-80% AMI. The apartment complex is located a short distance from the Capitol Heights Metro station in Prince George’s County, Maryland and includes retail space that will offer discounted rates for local and minority businesses.

4111 Kansas Ave NW

LOCATION
Washington, DC

Partner

So Others Might Eat (SOME)

Website

Partner

Website

# of Affordable Units

40
loan amount
$11,719,800
grant amount
description

4111 Kansas Ave NW, a newly constructed residential building (originally designed as condominiums), to create 40 new affordable units for households earning between 50%-80% AMI in Ward 4. With Amazon’s support, the property was purchased by So Others Might Eat (SOME), a nonprofit with comprehensive programs that are designed to help neighbors experiencing homelessness and extreme poverty find pathways out of poverty and achieve long-term stability and success.

Barcroft Apartments

LOCATION
Arlington, VA

Partner

Jair Lynch

Partner

Website

# of Affordable Units

1334
loan amount
grant amount
description

Located fewer than three miles from Amazon’s Arlington, Virginia headquarters, The Barcroft, an apartment community featuring 1,334 affordable homes in Arlington’s Columbia Pike corridor, is the largest naturally occurring affordable housing complex in the region. According to the Arlington County Board, preserving the affordability of The Barcroft was a top priority as the community was under tremendous redevelopment pressure, and the loss of all those affordable homes would have displaced hundreds of families, or as many as 3,000 people. Amazon’s role in this transaction helped to preserve affordability for 99 years.

Carroll & Vine (Takoma DC Metro)

LOCATION
Washington, DC

Partner

SGA Companies

Partner

Website

# of Affordable Units

102
loan amount
$10,600,000
grant amount
description

325 Vine will be a newly constructed apartment building in Ward 4 and will include 102 affordable units for households earning between 60%-80% AMI and will feature the preservation of two historic homes. The property is located across the street from the Takoma Metro station. SGA Companies is a full-service firm specializing in transit-oriented, multifamily residential and mixed-use retail properties in the Washington, D.C. metro area.

Carver Terrace

LOCATION
Washington, DC

Partner

Jair Lynch

Partner

Website

# of Affordable Units

320
loan amount
$50,089,981
grant amount
description

Carver Terrace Apartments, located in the Carver Langston neighborhood of Ward 5, will include the preservation of 320 affordable units for households earning between 30%-60% AMI. These apartments will be preserved by Jair Lynch Real Estate Partners, a leading owner and developer of mixed-use properties and attainable housing.

Cityside Huntington Metro

LOCATION
Alexandria, VA

Partner

Lincoln Avenue Capital

Website

Partner

Website

# of Affordable Units

569
loan amount
$61,290,250
grant amount
description

Colchester Towne Condominiums

LOCATION
Alexandria, VA

Partner

Good Shepherd Housing and Family Services

Website

Partner

Website

# of Affordable Units

18
loan amount
grant amount
$2,000,000
description

Congress Heights

LOCATION
Washington, DC

Partner

NHT Communities

Partner

Website

# of Affordable Units

179
loan amount
$8,701,927
grant amount
$4,000,000
description

The Congress Heights Apartments in the Congress Heights neighborhood of Ward 8, which will include the construction of 179 new affordable units for households earning between 30%-80% AMI. The Apartments will be developed by National Housing Trust (NHT), which works to ensure that privately owned rental housing remains in the affordable housing stock using the tools of real estate development, rehabilitation, finance, and advocacy – all with sustainability in mind.

Crystal House

LOCATION
Arlington, VA

Partner

Washington Housing Conservancy

Website

Partner

Website

# of Affordable Units

619
loan amount
grant amount
description

Crystal House Development Parcels

LOCATION
Arlington, VA

Partner

Arlington County

Website

Partner

Website

# of Affordable Units

554
loan amount
grant amount
$40,000,000
description

Amazon’s first affordable housing initiative in Virginia was the 825-unit Crystal House apartment community, located a few blocks from the site of Amazon’s Arlington, Virginia corporate headquarters. In partnership with the Washington Housing Conservancy (WHC), the Amazon Housing Equity Fund provided low-rate loans and grants worth $42 million to WHC to acquire Crystal House and help with the stabilization and lowering of rents for the 619 affordable units. As part of the Crystal House transaction, Amazon acquired a $40 million option right on undeveloped land on the 16-acre site—an option right that could support at least 550 new affordable homes onsite. Amazon donated the land and assigned the right to Arlington County for affordable housing development.

Holmead

LOCATION
Washington, DC

Partner

Wesley Housing

Partner

Website

# of Affordable Units

99
loan amount
grant amount
$2,500,000
description

Holmead Place Apartments consists of 100 homes in Ward 1, all of which will be converted in affordable, accessible residential units for households earning between 30%-80% AMI. Wesley Housing provides safe, quality and affordable housing to across the Washington D.C. metropolitan area.

Loree Grand

LOCATION
Washington, DC

Partner

Washington Housing Conservancy

Website

Partner

Website

# of Affordable Units

159
loan amount
$16,790,000
grant amount
description

Mount Pleasant Scattered Sites (TOPA 3)

LOCATION
Washington, DC

Partner

Jubilee Housing

Partner

Website

# of Affordable Units

165
loan amount
$15,000,000
grant amount
description

The Mount Pleasant Preservation Project will consist of the preservation of Richman Towers, Sarbin Towers and Park Marconi in the Mount Pleasant community in Ward 1. The Project will convert 165 apartments homes into affordable homes for households earning between 40%-80% AMI. Jubilee Housing is a nonprofit housing developer focused on creating affordable homes with onsite and nearby services in thriving communities.

Nebel Street

LOCATION
North Bethesda, MD

Partner

Montgomery Housing Partnership

Website

Partner

Website

# of Affordable Units

163
loan amount
grant amount
$2,200,000
description

Parc Square

LOCATION
Alexandria, VA

Partner

Wesley Housing

Partner

Website

# of Affordable Units

66
loan amount
grant amount
$2,300,000
description

Parcel 42

LOCATION
Washington, DC

Partner

Dantes Partners

Website

Partner

Website

# of Affordable Units

108
loan amount
$15,642,320
grant amount
description

Park Vue Apartments

LOCATION
Alexandria, VA

Partner

Alexandria Housing Development Corporation (AHDC)

Website

Partner

Website

# of Affordable Units

196
loan amount
$51,444,752
grant amount
description

S Street Village

LOCATION
Washington, DC

Partner

Manna, Inc.

Partner

Website

# of Affordable Units

90
loan amount
$11,610,000
grant amount
description

S Street Village will be a new development with 90 units of affordable housing at 60% AMI in Ward 1. The site will be developed by Manna, Inc., a nonprofit affordable housing consultancy and developer committed to helping low-income and moderate-income persons acquire affordable, quality housing across Washington, D.C.

Sovren West Hyattsville

LOCATION
Hyattsville, MD

Partner

Gilbane Development Company

Website

Partner

Website

# of Affordable Units

147
loan amount
$16,060,000
grant amount
description

The Residences at Benning Road

LOCATION
Washington, DC

Partner

Gragg Cardona Partners

Partner

Website

# of Affordable Units

156
loan amount
$17,160,000
grant amount
description

The Residences at Benning Road will be the second affordable assisted-living community in Ward 7. This transit-oriented development, located at the former site of an Industrial Bank Branch (one of the first Black owned banks in the region), will create 156 new affordable apartments for households at 60% AMI within one block of the Benning Road Metro station. The Residences will be developed by Gragg Cardona Partners, a company that has been working for over two decades on revitalizing DC-area neighborhoods by using public/private partnerships to bring about new investments in housing, commercial space, and community facilities.

Tysons

LOCATION
Tysons Corner, VA

Partner

Arlington Partnership for Affordable Housing (APAH)

Partner

Website

# of Affordable Units

516
loan amount
$55,000,000
grant amount
description

In Tysons, located in Fairfax County, the Arlington Partnership for Affordable Housing (APAH) will develop more than 500 new affordable homes. APAH, is a nonprofit focused on increasing the number of committed affordable apartments in the DC Metro area for our low-income neighbors. The new apartment homes are part of the Dominion Square West development project in Tysons located near the Spring Hill Metro station, which is part of the Washington Metropolitan Area Transit Authority (WMATA), and will serves families making between 30%-50% AMI.

WMATA College Park

LOCATION
College Park, MD

Partner

Gilbane Development Company

Website

Partner

Website

# of Affordable Units

451
loan amount
$56,375,000
grant amount
description

WMATA Grosvenor Strathmore Metro

LOCATION
North Bethesda, MD

Partner

Fivesquares Development

Partner

Website

# of Affordable Units

122
loan amount
$24,000,000
grant amount
description

WMATA New Carrollton

LOCATION
New Carrollton, MD

Partner

Urban Atlantic Development

Website

Partner

Website

# of Affordable Units

291
loan amount
$25,448,647
grant amount
description

Bryant Manor Phase I

LOCATION
Seattle, WA

Partner

First AME Housing Association

Partner

Website

# of Affordable Units

100
loan amount
grant amount
$2,825,122
description

Bryant Manor Phase I in Seattle is a new development that will create 100 affordable homes in the city for households earning 30%-60% AMI. The Amazon Housing Equity Fund will support the new development with a grant of $2.8 million to First A.M.E. Housing Association (FAME), a minority-led non-profit committed to building strong communities for low-income seniors and families in Seattle's historic Central District.

Calvary I

LOCATION
Seattle, WA

Partner

Gardner Global

Partner

Website

# of Affordable Units

122
loan amount
grant amount
$4,500,000
description

Calvary 1, built on the former site of an African American Baptist church with strong ties to the community in eastern Seattle, will include 122 units in a new construction apartment building for households earning 80% AMI. Gardner Global is led by Jaebadiah Gardner, a fellow of the LISC-Puget Sound Accelerator Program, which is a two-year, part-time professional development program that aims to foster the careers of emerging real estate developers of color.

Cubix Othello

LOCATION
Seattle, WA

Partner

NexGen Housing Partners

Partner

Website

# of Affordable Units

85
loan amount
$7,400,000
grant amount
description

Cubix Othello is an affordable housing community in southeast Seattle. With the support of the Amazon Housing Equity Fund, which has committing low-rate loan of $7.4 million, local developer NexGen Housing Partners will preserve 85 affordable homes for households earning 40%-75% AMI. NexGen Housing Partners specializes in developing transit oriented, affordable, eco-friendly housing in Seattle.

El Centro Columbia City

LOCATION
Seattle, WA

Partner

El Centro de la Raza

Partner

Website

# of Affordable Units

87
loan amount
grant amount
$3,500,000
description

El Centro Columbia City, an 87-unit housing complex by El Centro de la Raza, that will feature an accredited bilingual child development center, and church space for a small community congregation called Church of Hope. El Centro de la Raza is an organization grounded in the Latino community of Washington state. The organization has teamed up with Amazon to develop affordable homes in the predominantly Spanish-speaking Columbia City neighborhood of Seattle, which has been identified as a high-risk community for the residential displacement of low-income and working families. The transit-oriented development--a half-mile from the Columbia City Light Rail Station, provides affordable housing for families earning between 30%-60% AMI offers mixed-use affordable housing in an area currently experiencing residential displacement pressure.

Grand Street Commons and Mount Baker Village

LOCATION
Seattle, WA

Partner

Mount Baker Housing Association

Partner

Website

# of Affordable Units

359
loan amount
$17,900,000
grant amount
description

Grand Street Commons and Mount Baker Village will provide 359 affordable apartment homes for households at or below 60% AMI in Seattle, Washington. These developments are by Mount Baker Housing Authority (MBHA), a non-profit organization dedicated to providing affordable housing in southeast Seattle. The Grand Street Commons will include 4,500 square feet of ground-floor retail and commercial space, plus rotating arts and cultural exhibit space hosted by the Cultural Space Agency. Mount Baker Village will offer a resident services program that provides financial assistance, health resources, life skills and education, family and youth services, and community cultural events. Both projects will be located just blocks from existing or future light rail stations.

Grata at Totem Lake

LOCATION
Kirkland, WA

Partner

TWG Development

Partner

Website

# of Affordable Units

125
loan amount
$12,500,000
grant amount
description

Grata at Totem Lake in Kirkland is a new affordable apartment development currently under construction, comprising 125 new affordable housing units for households earning 50%-60% AMI. Amazon Housing Equity Fund is supporting the project With a $12.5 million low-rate loan.

Housing Hilltop

LOCATION
Tacoma, WA

Partner

Housing Authority of the City of Tacoma

Partner

Website

# of Affordable Units

231
loan amount
$22,500,000
grant amount
description

Housing Hilltop in Tacoma, Washington is a new-build apartment complex with 230 new affordable housing units for households earning 60% AMI. The Amazon Housing Equity Fund has provided a $22.5 million low-rate loan to the Tacoma Housing Authority (THA), which provides high-quality, stable and sustainable housing and supportive services to people in need.

King County Housing Authority (KCHA)

LOCATION
Bellevue, WA

Partner

King County Housing Authority

Website

Partner

Website

# of Affordable Units

1084
loan amount
grant amount
$24,000,000
description

Marina Club

LOCATION
Des Moines, WA

Partner

Bellwether Housing

Partner

Website

# of Affordable Units

77
loan amount
$9,240,000
grant amount
description

North Lot

LOCATION
Seattle, WA

Partner

Seattle Chinatown International District PDA (SCIDPDA)

Partner

Website

# of Affordable Units

160
loan amount
grant amount
$3,000,000
description

North Lot in Seattle is a development with 160 newly constructed affordable housing units in the city’s Beacon Hill neighborhood on the Pacific Tower campus (site of Amazon’s former headquarters). These homes will be for households earning 50%-60% AMI. The Amazon Housing Equity Fund will give a $3 million grant to the Seattle Chinatown International District PDA (SCIDpda) to manage the development. SCIDpda is a community development organization whose mission is to preserve, promote, and develop the Seattle Chinatown International District (CID) as a vibrant community and unique ethnic neighborhood via affordable housing and commercial property management, real estate development, and community development.

Redondo Heights

LOCATION
Federal Way, WA

Partner

Shelter Resources

Partner

Website

# of Affordable Units

334
loan amount
$20,000,000
grant amount
description

Redondo Heights in Federal Way is a new housing development comprising 334 homes for households earning 50%-60% AMI. Shelter Resources, a company that develops affordable housing throughout the Pacific Northwest, will built this complex. The Amazon Housing Equity Fund has offered a $20 million low-rate loan to support construction.

Renton Sage Apartments

LOCATION
Renton, WA

Partner

Bellwether Housing

Partner

Website

# of Affordable Units

284
loan amount
$39,760,000
grant amount
description

Renton Sage Apartments in Renton, WA will include the preservation of 284 affordable housing units for households earning 60%-80% AMI. The Amazon Housing Equity Fund is partnering with local nonprofit Bellwether Housing to ensure these units remains affordable and is offering $39.7 million in low-rate loans to support this project.

Sage Apartments

LOCATION
Everett, WA

Partner

Alliant Strategic Investments

Website

Partner

Website

# of Affordable Units

123
loan amount
$13,530,000
grant amount
description

Samma Senior Apartment Community

LOCATION
Bothell, WA

Partner

Imagine Housing

Partner

Website

# of Affordable Units

76
loan amount
grant amount
$2,000,000
description

Samma Senior Apartment Community in Bothell, WA is a newly constructed housing development that will include 76 affordable units for senior citizens earning under 50% AMI. The Amazon Housing Equity Fund has issued a $2 million grant to Imagine Housing to begin development. Imagine Housing is a minority-led, local nonprofit that develops permanent affordable rental homes in East King County that provide easy proximity for individuals and families to live near their jobs, good schools, transportation, and health services.

Shoreline

LOCATION
Shoreline, WA

Partner

TWG Development

Partner

Website

# of Affordable Units

250
loan amount
$15,000,000
grant amount
description

Sound Transit Angle Lake

LOCATION
SeaTac, WA

Partner

Mercy Housing Northwest

Website

Partner

Website

# of Affordable Units

130
loan amount
$17,000,000
grant amount
$2,000,000
description

Sound Transit Spring District

LOCATION
Bellevue, WA

Partner

BRIDGE Housing

Website

Partner

Website

# of Affordable Units

233
loan amount
$22,100,000
grant amount
$3,750,000
description

The Arches Apartments

LOCATION
Seattle, WA

Partner

Southeast Seattle Senior Foundation

Partner

Website

# of Affordable Units

25
loan amount
grant amount
$2,000,000
description

The Arches Apartments in Seattle is an apartment community with 25 affordable homes being preserved in the city’s Brighton neighborhood for households earning 60%-80% AMI. The Amazon Housing Equity Fund is supporting the preservation with a $2 million grant to Southeast Seattle Senior Foundation, a non-profit organization that provides housing to low-income seniors in the Southeast Seattle area. Amazon committed these funds after learning of a community-based effort to save The Arches from being sold for development.

The BLVD

LOCATION
Kent, WA

Partner

Bellwether Housing

Partner

Website

# of Affordable Units

136
loan amount
$15,560,000
grant amount
description

The Blueprint Portfolio

LOCATION
Seattle, WA

Partner

SRM Development

Partner

Urban League of Metropolitan Seattle

# of Affordable Units

354
loan amount
$37,945,000
grant amount
description

The Blueprint Portfolio is a collection of 354 affordable housing units in six buildings – all in close proximity to public transportation - being preserved across the greater Seattle, WA region. The Amazon Housing Equity Fund has extended a $37.9 million low-rate loan to SRM Development, which is working with the Urban League of Metropolitan Seattle to preserve these homes for residents earning 40%-80% AMI. SRM Development is a real estate company specializing in multi-family, senior housing, affordable, and mixed-use development and construction in high barrier, urban markets across the western United States.

Birchstone Village

LOCATION
Madison, TN

Partner

First Cumberland Properties

Partner

Website

# of Affordable Units

228
loan amount
$22,500,000
grant amount
description

Envision Cayce Place - Cherry Oaks Apartments (Boscobel IV)

LOCATION
Nashville, TN

Partner

Gilbane Development Company

Website

Partner

Website

# of Affordable Units

53
loan amount
$7,100,000
grant amount
description

Ewing

LOCATION
Nashville, TN

Partner

LDG Development

Partner

Website

# of Affordable Units

180
loan amount
$13,500,000
grant amount
description

Harpeth Valley Apartments

LOCATION
Nashville, TN

Partner

Elmington Affordable

Partner

Website

# of Affordable Units

251
loan amount
$18,825,000
grant amount
description

Lindsley Avenue

LOCATION
Nashville, TN

Partner

CrossBridge, Inc.

Website

Partner

Website

# of Affordable Units

84
loan amount
grant amount
$3,521,297
description

Stone Bridge Lofts

LOCATION
Goodlettsville, TN

Partner

Holladay Ventures

Website

Partner

Website

# of Affordable Units

311
loan amount
$31,974,000
grant amount
description