Amazon invests $1.4 billion for affordable housing options in regions where it has corporate offices

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Technology,Andrew Jassy

Amazon is adding $1.4 billion to a fund it established three years ago for preserving or building more affordable housing in regions where the company has major corporate offices.

The property tax increase approved by Duval voters in 2022 has raised $113M for DCPS. Here’s where it wentLike firefighters, Jacksonville police could soon be in line for a big raise, return to a pension plan for new hiresConstruction vehicles are parked outside of the Station U & O building on Tuesday, June 11, 2024, in Washington. The apartment building was built using investments from Amazon's Housing Equity Fund. The company said Tuesday its adding $1.

“We’ve made a big difference in both the amount and quality of affordable housing in these three communities,” she said. In September, Amazon made a $40 million investment to drive home ownership in the three regions. But the rest of the money so far has gone toward apartment buildings. Shobe said Amazon has worked to maintain a “mixed portfolio” without losing its focus on the missing middle. Currently, the company says most of the units it has supported serve households earning less than 60% of the area median income, which goes up to $82,200 for a family of four in Washington state's King County, where Seattle is located.

 

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