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Amazon Stays Close to Its Seattle Roots with Housing Funding

Remember, back in the day, when the perceived “auction” for a second Amazon headquarters was underway? Newly elected mayors from all over the country were gesticulating to be noticed? Amazon is seemingly just fine with its roots in the Pacific Northwest.

According to a news release:

The Local Initiatives Support Corporation (LISC) has selected 10 local real estate developers focused on affordable housing to participate in its inaugural Housing Equity Accelerator (HEA) program, funded by a grant from the Amazon Housing Equity Fund.

The program, which is free of charge to participants, is a part-time professional development and career advancement program that aims to lower the obstacles that emerging real estate developers of color can face when trying to get real estate projects off the ground. The goal of the program is to increase the number of real estate developers of color who focus on affordable housing and to accelerate these developments.

The inaugural group of participants is a diverse mix of developers who are already creating and preserving affordable homes in the region. With this new program they will receive formal real estate development training and workshops, mentorship, and access to financing.

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