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Amazon will build affordable housing near public transport stops



SEATTLE (AP) – Amazon On Tuesday, it said it would spend more than $120 million building affordable housing units close to nearby transit stations. Seattle and Washington DC, the latest example of a tech company trying to appeal to critics of the affordable housing crisis, says the industry is getting worse.

Amazon He said he’s working with Sound Transit and the Washington Metropolitan Area Transit Authority to build a total of 1,060 homes near four transit sites. Washington state sites are at SeaTac and Bellevue. Other sites are Maryland in the cities of New Carrollton and College Park.

Amazon It establishes another corporate headquarters in Arlington, Virginia and expands its operations in Bellevue, near its Seattle headquarters.

“We recognize that our investment in these areas brings many economic opportunities for residents, but we also recognize that this growth must benefit everyone in the community,” said Catherine Buell, director of the Amazon Housing Equity Fund. .

This funding comes from a commitment Amazon It was made in January 2021 to launch the Housing Equity Fund, a $2 billion initiative to preserve and create 20,000 affordable homes.

Microsoft said it will spend at least $750 million on affordable housing in the United States. Seattle The region, after years of complaints that the tech boom is exacerbating the problem as salaries and housing prices rise in the industry.

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