An Interest In:
Web News this Week
- April 4, 2024
- April 3, 2024
- April 2, 2024
- April 1, 2024
- March 31, 2024
- March 30, 2024
- March 29, 2024
Some of Our Sources
- Smashing Magazine
- Smashing Apps
- TutsPlus - Design
- You The Designer
- Noupe
- Wal You
- Web Resource Source
- Android Dissected
- Dev To
- Hashedout
Help Webnuz
Referal links:
January 7, 2021 01:00 am
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/U8z8qW2wP8I/amazon-pledges-2-billion-to-affordable-housing
Amazon Pledges $2 Billion To Affordable Housing
Amazon will direct $2 billion in loans and grants to secure affordable housing near three American cities where the company employs thousands of workers, the tech giant announced Wednesday. The Seattle Times reports: In a first step in the Puget Sound region, Amazon is promising $185.5 million, mostly in loans, to the King County Housing Authority to help buy affordable apartments in the region and keep the rents low. The Housing Authority will use an initial portion of that money to help fund its recent purchase of three Bellevue apartment buildings. Amazon will also direct about $382 million to a nonprofit in Arlington, Virginia, and so-far unspecified amount to organizations in Nashville, Tennessee. Amazon said it selected the three areas where the company expects to have at least 5,000 employees. In total across the three regions, the company projected the $2 billion would help preserve or create 20,000 affordable housing units over the next five years. The funding will "help local families achieve long-term stability while building strong, inclusive communities," Amazon CEO Jeff Bezos said in a statement.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/U8z8qW2wP8I/amazon-pledges-2-billion-to-affordable-housing
Share this article:
Tweet
View Full Article
Slashdot
Slashdot was originally created in September of 1997 by Rob "CmdrTaco" Malda. Today it is owned by Geeknet, Inc..More About this Source Visit Slashdot