TECH - Amazon's $3.6B Pledge To Create 14K Affordable Homes in Key Metro Areas | Benzinga
Amazon.com Inc (NASDAQ:AMZN) committed $1.4 billion to its Housing Equity Fund, enhancing affordable housing in Seattle, Nashville, and Washington metro areas.
The funds will create 14,000 affordable units in these locations, raising Amazon’s total housing pledge to $3.6 billion, Bloomberg cites Amazon blog post on Tuesday.
In 2021, Amazon earmarked $2 billion for low-interest loans and grants, joining other tech companies in making housing more affordable, especially in expensive West Coast cities.
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