SEATTLE—Amazon said Thursday it is providing $23 million to help minority-led organizations build or preserve more than 500 new affordable housing units in Seattle—the latest spending by a tech company to ease a severe housing crunch the industry has helped create.
The commitment comes from Amazon’s Housing Equity Fund, a $2 billion initiative launched in January 2021. The fund has so far invested more than $1.2 billion to create or preserve over 8,000 affordable homes across three regions where the company has offices: the Puget Sound in Washington state; Arlington, Virginia; and Nashville, Tennessee.
“When our city’s businesses and private partners step up, like Amazon is doing through this significant investment, we can accelerate progress addressing difficult challenges like housing affordability,” Seattle Mayor Bruce Harrell said in a news release announcing the investment….