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Amazon allots $300 million for housing near mass transit

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Posted at 4:00 PM, Jun 16, 2021
and last updated 2021-06-16 16:00:37-04

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.