2024-06-12 09:05:50 ET
To address the shortage of affordable house in metro areas and to counter criticism that the company has driven up housing prices in cities in which it operates, Amazon ( NASDAQ: AMZN ) has committed $1.4B to its Housing Equity Fund to build homes in Seattle, Nashville, and Arlington, Virginia. This brings the total to more than $3.6B committed in funding from 2021 to create and preserve more than 35,000 affordable homes. ...
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Amazon commits another $1.4B to create affordable housing