Amazon adds $1.4 billion to the Housing Equity Fund
Funding brings Amazon’s investment to more than $3.6 billion to create and preserve over 35,000 affordable homes across the Puget Sound region; the Arlington, VA region; and Nashville, Tennessee.
Amazon’s Commitment to Housing Equity
Our PositionAll people should have access to housing they can afford. Low-income and minority families are disproportionately affected by an affordable housing shortage in the U.S. While only governments at the local, state and federal level have the capacity to implement more effective housing policies, we believe the private and public sectors can work together to address this challenge. We will use our position as a large employer to support innovative housing affordability initiatives. And, in locations where we have a sizeable presence, we will invest directly in efforts where we believe our financial support will make a difference.
Everything you need to know about Amazon’s Housing Equity FundAt Amazon, we believe everyone should have access to housing they can afford. The Amazon Housing Equity Fund is our $3.6 billion commitment to help address this need. Here’s everything you need to know.
Amazon Housing Equity Fund Impact ReportFrom first responders to teachers, nurses, and service industry employees, we’re helping low- to moderate-income individuals live in the communities they serve and love. This report highlights efforts across four key areas: funding partnerships to create new affordable housing, preserving existing affordable housing, increasing access to transit, schools, and employment centers, and building a more sustainable future.
Mary’s Place ShelterAmazon has committed over $130 million to our nonprofit partners who are working to fight homelessness. Most notably, the company’s $100 million in-kind and cash donations have built the largest family shelter in Washington state for our nonprofit partner, Mary’s Place. Mary’s Place opened an eight-floor shelter with its own health clinic inside an Amazon office building within the company’s Puget Sound headquarters.
Amazon and the National Housing Trust are helping moderate-income residents become homeownersAmazon’s housing pilot initiative will help up to 800 individuals and families from underserved communities purchase homes in Tennessee, Virginia, Washington, D.C., and Washington state.
Amazon commits $25 million to new public-private housing fund that will build affordable homes near public transit across Washington stateAmazon will direct $25 million from the $2 billion Housing Equity Fund to preserve and create affordable housing as part of an innovative pilot program established by Washington Senate Bill 5466.
