Amazon will put $2 billion towards reasonably priced housing close to its headquarters

Amazon is making a fund for reasonably priced housing. 

Angela Lang/CNET

Amazon shall be putting $2 billion toward affordable housing in among the cities the place it has services, the corporate stated Wednesday.

The Housing Fairness Fund goals to  “create or protect 20,000 reasonably priced houses in all three of our headquarters areas — Arlington, Puget Sound, and Nashville. It should additionally assist native households obtain long-term stability whereas constructing sturdy, inclusive communities,” Amazon founder and CEO Jeff Bezos stated in a press release. 

The cash shall be within the type of below-market loans and grants to housing companions, in addition to each conventional and nontraditional housing companies, and minority-led companies. 

Amazon will kick its investments off with $381.9 million for housing in Arlington, Virginia, and $185.5 million for Washington state.

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