Amazon Pledging Over $2 Billion For Affordable Housing

 Amazon is pledging over $2 billion to affordable housing over the next 5 years into 3 hub cities. The cities are  Nashville, Tennesse, Seattle, Washington, and Arlington, Virginia.

The housing equity fund will preserve and create over 20,000 affordable homes in the 3 hub cities.

"Amazon has a long-standing commitment to helping people in need, including the Mary’s Place family shelter we built inside our Puget Sound headquarters. The shelter now supports over 200 women and children experiencing homelessness every night" - Jeff Bezos, Amazon Founder and CEO

The first investments include $381.9 million in below-market loans and grants to the Washington Housing Conservancy to preserve and create up to 1,300 affordable homes on the Crystal House property in Arlington, Virginia,.