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Real Estate

Brian Miller
Real Estate Editor
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January 7, 2021

On the Block: Amazon's $2B housing initiative includes at least 1,000 units here

Even as Amazon plans to fill a dizzying amount of new Bellevue office space, all near the future downtown light rail station, it's making a second big bet on the Eastside — where the company was founded 26 years ago. Now the state's largest employer, as it eclipses a shrinking Boeing, the company announced yesterday a $2 billion initiative to foster about 20,000 affordable housing units nationally — including an initial 1,000 here.

Jeff Bezos said in a statement, “This new $2 billion Housing Equity Fund will create or preserve 20,000 affordable homes in all three of our headquarters regions — Arlington, Puget Sound and Nashville. It will also help local families achieve long-term stability while building strong, inclusive communities.”

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