Amazon Pledges More Than $2 Billion for Affordable Housing

Amazon will commit more than $2 billion to create and preserve affordable housing in three of its main employment areas (Wall Street Journal)

The online giant has more than 75,000 workers in the Seattle area, its main headquarters. Amazon has more than 1,000 employees each in Arlington, across the Potomac from Washington, D.C., where it is establishing a second headquarters, and in Nashville, where the company is building an operations center. It plans to have at least 5,000 employees in each region within five years.

The bulk of its investment will be through low-cost loans to preserve or build affordable housing, Amazon said. The company also will offer grants to public agencies and minority-led housing organizations.