Share
Reuters
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.
By Reuters Staff | 6 Jan 2021
RELATED TOPICS:
Top Brazilian Judge Orders Suspension of X Platform in Brazil Amid Feud With Musk
22 hours ago
How a Real Estate Boom Drove Political Corruption in Los Angeles
24 hours ago
Palestinian TikTok Star Who Shared Details of Gaza Life Under Siege Is Killed by Israeli Airstrike
1 day ago
Visalia Rawhide and City Agree on Terms to Upgrade Stadium
1 day ago
![](https://gvwire.s3.us-west-1.amazonaws.com/wp-content/uploads/2024/03/16183042/Eagles-vs-49ers.jpg)
Bettors Banking on Eagles Resurgence, Cowboys Regression as NFL Season Begins
![A black poodle's face with his tongue sticking out](https://gvwire.s3.us-west-1.amazonaws.com/wp-content/uploads/2024/08/29135336/Rescued-from-an-abandoned-home-after-weeks-of-fending-for-himself-Adam-a-shy-but-sweet-poodle-mix-is-now-seeking-a-loving-forever-home.-Mells-Mutts-1024x538.jpg)
Abandoned Poodle Mix Adam Survives the Wild and Seeks a Forever Home
![](https://gvwire.s3.us-west-1.amazonaws.com/wp-content/uploads/2024/08/30180712/AP24242759968532-1024x576.jpg)
Top Brazilian Judge Orders Suspension of X Platform in Brazil Amid Feud With Musk
![](https://gvwire.s3.us-west-1.amazonaws.com/wp-content/uploads/2024/08/30151423/shutterstock_1654933633-copy-1024x576.jpg)
How a Real Estate Boom Drove Political Corruption in Los Angeles
![](https://gvwire.s3.us-west-1.amazonaws.com/wp-content/uploads/2024/08/28091346/082824-Lede-1024x576.jpg)