Grand Side road Commons, a undertaking in Seattle supported by way of the Amazon Housing Fairness Fund
Amazon
Amazon stated Thursday that it is giving minority-led organizations $23 million to construct and maintain greater than 568 reasonably priced properties in Seattle, a step to ease the native housing disaster.
Amazon Housing Fairness Fund, which emphasizes helping families that earn 30% to 80% of a space’s median source of revenue, will improve the funding. Introduced in 2021, the fund has equipped $1.2 billion for over 8,000 reasonably priced properties around the Puget Sound area in Washington state, the Arlington, Virginia area and Nashville, Tennessee.
Amazon is operating with 3 housing companions — the Mount Baker Housing Authority (MBHA), El Centro de l. a. Raza, and Gardner World — and makes a speciality of neighborhoods with huge populations of other folks of colour.
“We’re dedicated to serving to cope with the housing disaster within the Puget Sound area, which is disproportionally affecting communities of colour,” stated Catherine Buell, director of the Amazon Housing Fairness Fund. “In supporting those initiatives, we’re that specialize in fairness by way of now not handiest expanding get entry to to reasonably priced housing but additionally being intentional about whom we make a choice as building companions.”
The Puget Sound area in Washington State hosts workplaces for tech companies like Microsoft, Google and Amazon. Microsoft, headquartered in Redmond, Washington, has additionally equipped housing budget within the house.
Seattleites have blamed Amazon for expanding the price of house possession. The housing value in Bellevue has soared, even surpassing Big apple, after Amazon expanded its towers into the Seattle suburb, in step with knowledge from Redfin cited by way of Bloomberg.
“When our town’s companies and personal companions step up, like Amazon is doing via this important funding, we will boost up development addressing tricky demanding situations like housing affordability,” Seattle Mayor Bruce Harrell stated in a information liberate saying the funding.
