Amazon allots $300 million for housing close to mass transit


Amazon is offering $300 million in low-interest loans to help housing positioned close to mass transit within the Washington, D

ARLINGTON, Va. — Amazon is offering $300 million in low-interest loans to help housing positioned close to mass transit within the Washington, D.C., space and the Seattle and Nashville, Tennessee, areas.

Amazon’s second headquarters is being constructed within the Crystal Metropolis neighborhood of northern Virginia, which is served by Metrorail and different types of mass transit.

Amazon additionally has devoted $100 million to create 1,200 new inexpensive housing models close to mild rail stations throughout the Puget Sound area. One other $75 million in below-market loans is earmarked for creation of an estimated 800 inexpensive houses in Nashville on privately owned land inside a half-mile of WeGo transit corridors.

The cash is a part of a $2 billion housing fairness fund Amazon introduced in January. In Virginia, the corporate had already financed the acquisition of the 825-unit Crystal Home in Crystal Metropolis by an affordable-housing group.



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