That funding comes from a commitment Amazon made in January 2021 to launch its Housing Equity Fund, a $2 billion initiative to preserve and create 20,000 affordable homes.
FILE - Employees walk through a lobby at Amazon's headquarters on Nov. 13, 2018, in Seattle. Amazon said Tuesday, March 15, 2022, it will spend more than $120 million to build affordable-housing units close to transit stations near Seattle and Washington, D.C, the latest example of a tech company trying to address the affordable housing crisis critics say the industry has exacerbated.
Amazon is building out another corporate hub in Arlington, Virginia, and is expanding operations in Bellevue, near its Seattle headquarters.
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