This unique transit-oriented development approach to affordable housing promotes diverse, connected, and sustainable communities
New transit-oriented deal is part of Amazon’s more than $2 billion Housing Equity Fund, which aims to preserve and create more than 20,000 affordable housing units in regions it calls home
Amazon and the Washington Metropolitan Area Transit Authority (Metro) today announced a goal to create more than 1,000 new affordable housing units at Metro Stations throughout the Washington, D.C. metropolitan region. Amazon is committing $125 million in below-market capital to expedite development of affordable homes so that moderate- to low-income families in the National Capital Region can afford to live in communities with easy access to employment, schools, healthcare, education, and other amenities. The investment is part of Amazon’s Housing Equity Fund, a more than $2 billion commitment to preserve and create over 20,000 affordable homes through below-market loans and grants to housing partners
ANC 5C01-Woodridge 