Amazon and Sound Transit Announce a $100 Million Commitment to Accelerate the Creation of an Estimated 1,200 Affordable Housing Units Near Light Rail Stations Across the Puget Sound Region
Retrieved on:
Wednesday, June 16, 2021
Online Retail, Retail, Transport, Residential Building & Real Estate, Construction & Property, Public transport, Affordable housing, Economic inequality, Transit-oriented development, Sound Transit, Articles, Transport, Academic disciplines, Urban Land Conservancy, Sound Transit, Amazon, SOUND TRANSIT, AMAZON
Amazon (Nasdaq:AMZN) and Sound Transit today announced a partnership to accelerate the creation of up to 1,200 new affordable housing units on Sound Transit surplus properties near light rail stations across the Puget Sound region.
Key Points:
- Amazon (Nasdaq:AMZN) and Sound Transit today announced a partnership to accelerate the creation of up to 1,200 new affordable housing units on Sound Transit surplus properties near light rail stations across the Puget Sound region.
- Amazon is committing $100 million in below-market funding to developers to help create and expedite the development of Sound Transit property offered for affordable housing.
- To date, Sound Transits TOD program has built, is constructing, or is designing over 1,500 affordable housing units on Sound Transit surplus property.
- Amazons partnership with Sound Transit is part of its $300 million total transit commitment for equitable transit-oriented affordable housing development in communities it calls home.