Housing Equity Fund
Read the impact report
The Fund supports Amazon's commitment to affordable housing and will help ensure moderate- to low-income families can afford housing in communities with easy access to neighborhood services, amenities, and jobs. The Fund includes:
- Amazon committed $300 million and partnered with three public transit agencies to support the creation of 3,000 new affordable homes near high-capacity public transit areas. Read more
- The Amazon Housing Equity Fund is providing $125M in grants to support community-based organizations, housing partners, traditional and nontraditional public agencies, and minority-led organizations. Read more
- As part of the grant funding, Amazon Housing Equity Fund provided $21 million to pilot a professional training, mentorship, and capital funding accelerator program to increase the number of professional real estate developers of color who are focused on affordable housing and inclusive community building. Read the impact report
In 2022, the Amazon Housing Equity Fund is positioned to continue to build on its dedication to its communities in the Puget Sound region of Washington and the national capital region around Arlington, Virginia, while strengthening its engagement with its Nashville community. The Amazon Housing Equity Fund is advancing Amazon’s vision and commitment to equity and inclusion in communities with housing that everyone can afford, while demonstrating the vital role that corporations play in addressing societal and economic challenges and offering a powerful and innovative model.
What is the Housing Equity Fund?
Amazon’s Housing Equity Fund is a more than $2 billion commitment to preserve existing housing and create inclusive housing developments through low-rate loans and grants to housing partners, traditional and non-traditional public agencies, and minority-led organizations.
What communities benefit from the Housing Equity Fund?
The Housing Equity Fund will benefit moderate- to low-income families and individuals in three communities Amazon calls home: Washington state’s Puget Sound region; Arlington, Virginia; and Nashville, Tennessee.
Amazon is supporting households making between 30% and 80% of AMI—that’s less than $103,200 per year for a family of four in the Washington, D.C., metro area. In the Seattle-Tacoma-Bellevue metro area, this translates to a household of four earning less than $92,560 a year.
How many housing units will be created?
Amazon is providing low-rate capital in the form of loans, lines of credit, and grants to preserve and create 20,000 homes affordable for moderate- to low-income families in the Puget Sound region, Arlington, and Nashville.
Does the Amazon Housing Equity Fund provide grants?
$125 million in grants will be provided to minority-led organizations and public agencies to help build a more inclusive solution to the affordable housing crisis, which disproportionately affects communities of color. The Fund will also give grants to government partners not traditionally involved in affordable housing issues, such as transit agencies and school districts, to provide them with resources to advance and create equitable and affordable housing initiatives.
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Amazon’s Housing Equity Fund is providing more than $2 billion in below-market loans and grants to preserve and create more than 20,000 affordable homes for individuals and families earning moderate to low incomes in our hometown communities. -
Amazon committed $300 million to create 3,000 new affordable homes near public transit for families in the Puget Sound, Arlington, and Nashville regions. -
Amazon donated $2.25 million to The Housing Fund in Nashville to help mitigate the impact of rising housing costs and help families preserve homeownership after ongoing hardships. -
Amazon and Arlington County are providing capital to support a landmark preservation deal to create long-term affordability for over 1,300 apartment homes for a period of 99 years. -
The Amazon Housing Fund has now committed more than $344.3 million in loans and grants to the Puget Sound region to create or preserve 2,870 affordable units—with more investments to come. -
The Amazon Housing Equity Fund has committed more than $1.2 billion to create and preserve over 8,000 homes, helping an estimated 18,000 people.
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