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Amazon commits $300 million to help build 3,000 affordable housing units near public transit areas

Dow Jones2021-06-16

Amazon.com Inc. $(AMZN)$ said Wednesday it has committed $300 million to help accelerate the creation of up to 3,000 new affordable housing units across the Puget Sound area in Washington, in Washington, D.C. and Nashville. The Seattle-based ecommerce giant, in partnership with Sound Transit, said the commitment was in the form of below-market funding to developers to help expedite the building of affordable housing on Sound Transit property. The company has also committed $125 million to help build 1,000 affordable housing units at Metro Stations throughout D.C., and has committed $75 million to help build 800 affordable housing units near high-capacity transit corridors in the Nashville area. "Increasingly, we are facing an affordable housing crisis across the entire Puget Sound region, and Sound Transit is expanding rail service into communities that are becoming less and less affordable for working families," said Sound Transit Chief Executive Peter Rogoff. Amazon's stock, which slipped 0.2% in premarket trading, has gained 3.9% year to date through Tuesday, while the S&P 500 has advanced 13.1%.

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评论28

  • 4a28eef2
    ·2021-06-17
    Woo
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  • Johnsonduck
    ·2021-06-17
    Good
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  • Hannahgoh
    ·2021-06-17
    Good move
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  • c8402a2
    ·2021-06-17
    Wowowow
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  • cubedit
    ·2021-06-17
    What an amazing article! 
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  • DragonKing
    ·2021-06-16
    Good.
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  • TBanger
    ·2021-06-16
    Good on em 
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  • icecatching
    ·2021-06-16
    [强] 
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  • BH22
    ·2021-06-16
    Great
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  • lleilei
    ·2021-06-16
    [Happy] 
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  • ElyneT
    ·2021-06-16
    Good! 
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  • Qy98
    ·2021-06-16
    That's neat
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  • Eileenz88
    ·2021-06-16
    Like n comment pls 🙂
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  • Noobtrader92
    ·2021-06-16
    Doesn't seem like it's for Charity... Why is Amazon committing so much money to build houses? Is it for the land? Is it for control? Or is amazon slowly coming into real estate? Either way Amazon is too over priced to buy, it may be a better idea to find out who Amazon employed to build these houses and invest in those company instead. 
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  • Phoenix888
    ·2021-06-16
    Good
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  • sfleong
    ·2021-06-16
    Potential share to buy ! 
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  • Jiaz
    ·2021-06-16
    Nice
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    收起
    • Qy98
      cool
      2021-06-16
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  • fongj
    ·2021-06-16
    Nice
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  • Whitepandaa
    ·2021-06-16
    Yes
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  • gargarteo
    ·2021-06-16
    niceeee thanks jeff!
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