Please ensure Javascript is enabled for purposes of website accessibility
Amazon.com to Spend $2 Billion in Homebuilding Near Key US Offices
News
By News
Published 3 years ago on
January 7, 2021

Share

[aggregation-styles]

Amazon.com Inc said on Wednesday it would spend $2 billion to create affordable homes in regions where three of its major U.S. employment hubs are located.

The company said it intends to create at least 20,000 affordable housing units in Puget Sound area of Washington State, Virginia’s Arlington and Nashville in Tennessee.

Amazon and other tech companies have faced criticism for driving up home prices in places such as the San Francisco Bay Area due to an influx of workers over the past decade, prompting Alphabet Inc and Facebook Inc to invest in affordable housing.

A large proportion of Amazon’s investment will be through low-cost loans to preserve or build affordable housing for moderate-to-low income families, the company said.

Read More →

RELATED TOPICS:

DON'T MISS

Surgeon General Asks Congress to Require Warning Labels for Social Media, Like Those on Cigarettes

DON'T MISS

What Have We Liberals Done to the West Coast?

DON'T MISS

Caitlin Clark Overcomes Another Physical Game, Scores 23 to Lead Fever Past Sky

DON'T MISS

Giants Drop Angels as Soler’s 3-Run HR Keys a 9-Run Inning

DON'T MISS

Maryland Gov. Wes Moore to Issue Over 175,000 Marijuana Pardons

DON'T MISS

Ohtani Has Second Two-Homer Game of Season, Betts Breaks Hand as Dodgers Beat Royals

DON'T MISS

US: Michigan, CUNY Failed to Assess Hostile Environment from Israel-Hamas War Protests

DON'T MISS

Putin to Visit North Korea Amid Concerns Over Military Cooperation

DON'T MISS

Netanyahu Dissolves War Cabinet After Key Partner Exits, Say Israeli Officials

DON'T MISS

The Chilling Reason You May Never See the New Trump Movie

UP NEXT

Rise of the Anti-“Woke” Democrat

UP NEXT

High-Level Saudi Visit Follows Multimillion-Dollar Foreign Influence Operation

UP NEXT

Iran and Russia Move to Fill Diplomatic Vacuum in Afghanistan

UP NEXT

Pelosi’s Husband Locked In $5.3 Million From Alphabet Options

UP NEXT

Experts Reportedly See Major Damage in Attack on Iran Centrifuge Plant

UP NEXT

Opinion: School Choice Marches Ahead

UP NEXT

Zakaria: Americans Care About History Because the Stakes Are High

UP NEXT

California Democrats Are Reliably Pro-Labor. But One Union Is Testing Their Patience.

UP NEXT

The Tightrope Walk Democrats Have Ahead on Two Separate Infrastructure Bills

UP NEXT

Bill Barr on Trump’s Election Fraud Claims: “It Was All Bullsh*t”

Giants Drop Angels as Soler’s 3-Run HR Keys a 9-Run Inning

1 hour ago

Maryland Gov. Wes Moore to Issue Over 175,000 Marijuana Pardons

1 hour ago

Ohtani Has Second Two-Homer Game of Season, Betts Breaks Hand as Dodgers Beat Royals

1 hour ago

US: Michigan, CUNY Failed to Assess Hostile Environment from Israel-Hamas War Protests

1 hour ago

Putin to Visit North Korea Amid Concerns Over Military Cooperation

2 hours ago

Netanyahu Dissolves War Cabinet After Key Partner Exits, Say Israeli Officials

2 hours ago

The Chilling Reason You May Never See the New Trump Movie

1 day ago

California Ranks Bottom Third in Overall Child Well-Being, Per New Report

1 day ago

Tempted to Try a No-Buy Year? Here Are Tips From People Doing It

1 day ago

‘Wouldn’t Be Where I Am Today:’ California’s Small Business Owners Fight to Save State Aid

1 day ago

Surgeon General Asks Congress to Require Warning Labels for Social Media, Like Those on Cigarettes

The U.S. surgeon general has called on Congress to require warning labels on social media platforms similar to those now mandatory on cigare...

5 mins ago

5 mins ago

Surgeon General Asks Congress to Require Warning Labels for Social Media, Like Those on Cigarettes

44 mins ago

What Have We Liberals Done to the West Coast?

57 mins ago

Caitlin Clark Overcomes Another Physical Game, Scores 23 to Lead Fever Past Sky

1 hour ago

Giants Drop Angels as Soler’s 3-Run HR Keys a 9-Run Inning

1 hour ago

Maryland Gov. Wes Moore to Issue Over 175,000 Marijuana Pardons

1 hour ago

Ohtani Has Second Two-Homer Game of Season, Betts Breaks Hand as Dodgers Beat Royals

1 hour ago

US: Michigan, CUNY Failed to Assess Hostile Environment from Israel-Hamas War Protests

2 hours ago

Putin to Visit North Korea Amid Concerns Over Military Cooperation

MENU

CONNECT WITH US

Search

Send this to a friend