Amazon is providing $ 300 million in low-interest loans to support housing located near public transportation in Washington, D
ARLINGTON, Virginia – Amazon is providing $ 300 million in low-interest loans to finance housing near public transportation in the Washington, DC area and the Seattle and Nashville, Tennessee areas.
Amazon’s second headquarters is under construction in the Crystal City neighborhood of northern Virginia, which is served by Metrorail and other forms of public transportation.
Amazon has also allocated $ 100 million to create 1,200 new affordable homes near light rail stations in the Puget Sound area. Another $ 75 million in below-market loans is earmarked for the creation of about 800 affordable housing units in Nashville on private land within half a mile of the WeGo transit corridors.
The money is part of a $ 2 billion private equity fund that Amazon announced in January. In Virginia, the company had previously funded the purchase of the 825-unit Crystal House in Crystal City by an affordable housing organization.