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Seattle & Northwest  + Seattle  + Apartments  |  January 7, 2025
Jasmine Kilman
By: Jasmine Kilman

Amazon Loans $22M to Affordable Housing Project

Amazon will help back an affordable housing development in Bellevue with a $22.1 million loan.

The 234-unit project will be located near Bellevue’s Spring District and include two buildings, reported the Puget Sound Business Journal. Sound Transit owns the nearly two-acre site, and work on the development is already underway, with the project slated to be completed in 2026. California-based Bridge Housing is the developer.

The housing project is the latest in the region to be supported by Amazon’s Housing Equity Fund, which provides funding to create or preserve multi-family affordable housing developments across Washington State’s Puget Sound region, the Arlington, Virginia/D.C. region, and Nashville, Tennessee.

In August of last year, Amazon re-opened the application portal for the company’s Housing Equity Fund following its announcement to commit an additional $1.4 billion to create or preserve 14,000 affordable homes.

Read More News Stories About: Amazon
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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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