Amazon Pledges $2 Billion for Affordable Homes Near U.S. Cities
- Fund will back projects near Seattle, Washington DC, Nashville
- Move follows big housing funds started by other tech giants
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Amazon.com Inc. has earmarked $2 billion to support affordable housing projects in three U.S. regions, joining the ranks of other technology giants seeking to alleviate the economic strain fueled in part by their rapid growth.
The world’s largest online retailer says it will back efforts to preserve and create affordable housing near its Seattle headquarters, as well as in northern Virginia and Nashville, the two sites that won investments as part of Amazon’s highly publicized search for a second headquarters.