Amazon.com Inc. AMZN,
said Wednesday it is launching a $ 2 billion housing fund to make more than 20,000 affordable homes available to families in the Puget Sound region of Washington state; Arlington, Virginia; and Nashville, Tennessee – three communities where the company will each have or expect to have at least 5,000 employees in the coming years. The fund will offer loans and grants under the market to housing partners, public agencies and minority-led organizations, the company said in a statement. The first investments include $ 4381.9 million in under-market loans and grants to the Washington Housing Conservancy, with the goal of preserving or creating up to 1,300 affordable homes for the Crystal House property in Arlington and $ 185.5 million in under-loans. the market and grants to King County Housing Authority to preserve up to 1,000 affordable homes in Washington state. Shares have fallen 2.3% previously, but have risen 70% in the last 12 months, while the S&P 500 SPX,
achieved 15%.
