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Amazon Housing Equity Fund Commits $31M for Affordable Housing

The Amazon Housing Equity Fund has announced groundbreaking on two new affordable apartment communities in the greater Seattle metropolitan area which the fund has committed $31.3 million to support.

The fund committed to a $11.2 million below-market-rate loan for the MLK Mixed-Use and Early Learning Center, in development with the Low Income Housing Institute (LIHI), a multifamily project that will create 148 new affordable homes and an early learning center operated by Refugee Women’s Alliance (ReWA).

A $20.15 million below-market-rate loan will help create the Terrapin Apartments, in development by Johnson & Carr, a transit-oriented development that includes 172 workforce housing apartments in Downtown Bellevue within a half-mile of the new Bellevue Downtown Link Light Rail Station.

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Amazon Home Equity FundJohnson & Carr

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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