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June 17, 2021

Amazon has $100M TOD initiative for affordable housing near ST stations

Real Estate Editor

Map by Sound Transit [enlarge]
One example of future surplus Sound Transit property, to be targeted for affordable housing, is at Overlake Village Station.

As part of its previously announced $2 billion Housing Equity Fund, Amazon has committed $100 million to help Sound Transit expedite affordable housing development at or near its current and future planned light rail stations. The two parties made a joint announcement yesterday. They anticipate that 1,200 affordable units could result from the partnership, which will eventually enlist outside developers.

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