Amazon commits $2 billion for affordable housing around hubs

Washington (AFP) – Amazon said Wednesday it was committing $2 billion to help create more affordable housing in the area around its second headquarters near the US capital and other hubs of the tech and retail giant. A new “housing equity fund” will make grants and below-market loans available for housing partners, public agencies, and minority-led organizations, according to Amazon, which has faced criticism over the impact of its new headquarters on housing. The company said the first tranche of $567 million will help create 1,300 affordable apartment homes available near Amazon’s new Arling…

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