Amazon Commits $25 Million To New Public-Private Housing Fund That Will Build Affordable Homes Near Public Transit Across Washington State
VMware News, February 14th, 2023
Amazon will direct $25 million from the $2 billion Housing Equity Fund to preserve and create affordable housing as part of an innovative pilot program established by Washington Senate Bill 5466.
"The Washington Legislature is currently debating a bill to promote more Transit Oriented Developments (TOD) across the state. According to the Urban Institute, a nonprofit research organization, more than half of new housing in the region is being permitted in areas near transit, yet a third of the land near transit remains off limits to the construction of anything other than single-family homes..."