Amazon will provide $150 million to build and preserve 1,700 units of affordable housing in Seattle and neighboring cities.
The new funding, announced Monday at a press conference with Seattle Mayor Bruce Harrell, will go to 10 nonprofit organizations to pay for low-rate loans and grants. It’s part of the company’s $2 billion Amazon Housing Equity Fund to support the increase in affordable homes in the regions of Seattle, Nashville, Tenn., and Arlington, Va.
Amazon’s total contribution to the initiative is now more than $500 million for the Seattle area.
Housing Hilltop in Tacoma is building an apartment with 230 affordable units with support for the Tacoma Housing Authority (THA).
Read GeekWire's article "Amazon adds another $150M for affordable housing in Seattle area," featuring the Tacoma Housing Authority.