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Amazon Housing Equity Fund Opens New Round of Funding
Amazon has re-opened the application portal for the company’s Housing Equity Fund.
The company is encouraging prospective real estate development partners to apply for funding to create or preserve multi-family affordable housing developments across the company’s hometown communities – Washington State’s Puget Sound region, the Arlington, Virginia/D.C. region, and Nashville, Tennessee.
This follows the company’s recent announcement that it is committing an additional $1.4 billion to create or preserve an additional 14,000 affordable homes across these three communities. This latest investment brings Amazon’s total commitment under the company’s Housing Equity Fund to $3.6 billion, aimed at creating or preserving 35,000 homes for low-to-moderate income families.
These funds will help supplement efforts to preserve existing affordable housing and to build new affordable housing developments.
