Amazon.com Inc. has loaned nearly $10 million to WF Northaven LLC, an entity related to Seattle-based social benefit corporation Gaard Development, to create a seven-story affordable housing project in the Northgate neighborhood. Construction is currently underway on the 89-unit affordable housing project at 11057 Eighth Avenue NE.

Amazon is one of several lenders for the development, and agreement records also show a $4 million loan from the City of Seattle, Puget Sound Business Journal reported. Amazon confirmed its $9.8 million below-market loan came from its Housing Equity Fund, a $2 billion fund devoted to affordable housing developments in cities where the company is based. BECU is lending another $17 million, per city records.

To date, the Amazon Housing Equity Fund has helped provide affordable housing to support an estimated 18,000 people, including roughly $500 million in low-rate loans and grants throughout the Puget Sound region to developers and housing authorities.