ARLINGTON, Va. -- Amazon is providing $300 million in low-interest loans to support housing located near mass transit in the Washington, D.C., area and the Seattle and Nashville, Tennessee, regions.
The company announced Wednesday that the largest amount, $125 million, is earmarked for the nation’s capital region for funding of 1,000 affordable housing units.
That area is where Amazon is building a second headquarters that will support 25,000 jobs.
Amazon also has dedicated $100 million to create 1,200 new affordable housing units near light rail stations across the Puget Sound region.
Another $75 million is earmarked for an estimated 800 affordable homes in Nashville.