Amazon Announces Plans to Fund Affordable Housing in and Around Washington, DC

Originally published on September 14, 2022, by the Government of the District of Columbia, Mayor Muriel Bowser.

Today, Amazon (NASDAQ: AMZN) announced a commitment of $147 million to create and preserve 1,260 affordable housing units in six of Washington, D.C.’s eight wards and in nearby Maryland and Virginia communities—primarily in partnership with minority-led organizations.

This is the latest commitment from Amazon’s more than $2 billion Housing Equity Fund, which aims to combat affordable housing challenges and promote equity and inclusion in the communities the company calls home, including Washington state’s Puget Sound region; the Arlington, Virginia/Washington, D.C. region; and Nashville, Tennessee.

Today’s announcement brings Amazon’s total commitment to help create or preserve affordable housing in the Washington, D.C. area to $992 million in support of more than 6,200 affordable homes. This total includes Amazon’s marquee investment in Crystal House (which is over and above the $2 billion commitment), its $125 million transit commitment with the Washington Metropolitan Area Transit Authority (WMATA) and Amazon’s Real Estate Developers of Color Accelerator Program investments. Of this total, $696 million will be used to create or preserve nearly 3,600 units of affordable housing in partnership with minority-led organizations.

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