.Amazon to funnel $147 million toward easing DC affordable housing crisis
The company will partner with a dozen developers in the district area to fund the construction of more than 1,200 units through Amazon’s Housing Equity Fund, a program created to preserve affordable housing and “create inclusive housing developments” for low-income residents. The money will go toward eight separate projects in the D.C. area, with many focusing on accessibility and proximity to public transit.
The money comes as Amazon continues to build its second headquarters in Arlington, Virginia, which is scheduled to open in 2023. Although the new location is expected to create thousands more jobs, some housing activists and government officials have aired concerns it will attract an influx of well-paid employees to the area, which in turn will increase housing costs in the D.C. area.
The announcement also builds on Mayor Muriel Bowser’s goal of creating 36,000 new housing units in the district by 2025, with an emphasis on expanding affordable housing units in wealthier neighborhoods that have historically discriminated against low-income renters. That effort is separate from Amazon’s Housing Equity Fund.“Today is about partnership, commitment, and perseverance,” Bowser said. “Partnership with Amazon, the National Housing Trust, WMATA, and our community partners.
The $147 million investment will go toward eight different projects in six of the wards in Washington, D.C., and another three in Fairfax, Montgomery, and Prince George’s counties. The announcement builds on previous investments the company has made in the district’s housing market, bringing its total commitment to $992 million going toward building 6,200 affordable homes.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
“Amazon Commits $147 Million to Create and Preserve 1,260 Affordable Homes, Primarily With Minority-Led Developers Across Washington, D.C.” - PoPvillephoto by Jim Havard From a press release: '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
Les mer »
Amazon Prime ready to kick off 'Thursday Night Football'Not many people get to be a pioneer at 77 years old, especially in sports broadcasting. That will be the case, though, when Al Michaels calls Thursday night’s game between the Los Angeles Chargers and Kansas City Chiefs on Prime Video.
Les mer »
Former Amazon employees who now work at Google share horror storiesA bunch of Googlers who used to work at Amazon are internally sharing horror stories about their former employer's 'frupid' and aggressive culture
Les mer »
Forest Islands in The Amazon Host Unique Ecosystems, But They're DoomedBuilt in the 1980s, the Balbina Dam is one of dozens of large dams across rivers in the Amazon Basin.
Les mer »