American Housing Announces $27.3M in Financing from The Amazon Housing Equity Fund (HEF) for Affordable Housing in Washington D.C.
WASHINGTON, Jan. 18, 2024 /PRNewswire/ -- The Amazon Housing Equity Fund (HEF) announced today that they will provide $27.3 million in below-prevailing-rate financing to American Housing to preserve affordable housing in some of the most sought-after residential areas of Washington, D.C. Today's announcement is part of HEF's commitment to preserving homes for lower and middle-income Washingtonians, and its first partnership with American Housing, an innovative multifamily development company that provides affordable housing and blended social services to communities in need in D.C.
- "The Upper Northwest D.C. Housing Preservation Project is an extension of Amazon Housing Equity Fund's commitment to ensuring equitable access to affordable housing in close proximity to transit," said Senthil Sankaran, managing principal of the Amazon Housing Equity Fund.
- American Housing is a real estate development firm specializing in workforce, affordable and market-rate transit-oriented development in Northwest Washington, D.C.
- "American Housing values Amazon Equity Fund's commitment to providing below market financing to secure long-term affordability in the most desirable neighborhoods of Washington D.C.," said Adam Lobene, founder and CEO of American Housing.
- To learn more about the Amazon Housing Equity Fund, please visit us here .