Amazon to give millions for affordable housing around Seattle
Amazon is planning to spend $150 million to build and preserve 1,700 units of affordable housing in and around Seattle.
Geekwire reports that the money will go to 10 nonprofit organizations so they can pay for low-rate loans and grants. The projects are slated to happen in Seattle's Beacon Hill and Brighton neighborhoods, along with the Central District.
Other places like Kirkland, Renton, Bothell, Federal Way, and Tacoma will also benefit from the funding, which is part of Amazon's larger $2 billion Housing Equity Fund.
RELATED: Experts say Amazon’s fund for Seattle-area affordable housing is huge, but not nearly enough
The Housing Equity Fund aims to create 20,000 affordable housing units around Amazon's "hometown communities."
In June 2022, Amazon announced it was spending $23 million to preserve 568 affordable homes. The company has announced a similar "commitment" to Bellevue and the Eastside.
As GeekWire reports, Microsoft has made similar financial investments around its Redmond HQ.
RELATED: Neighbors claim victory after Amazon abandons Rainier Valley warehouse plans
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Angela King
Morning News Host
Angela King is the local host of Morning Edition. She’s been a part of the northwest news scene since the early 1990s. A proud University of Washington alumna, with degrees in broadcast journalism and American ethnic studies, she started her career as a news writer in Seattle, before becoming a reporter and anchor in Seattle, Portland and Albuquerque.
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