The donations come after criticism that under Jeff Bezos, Amazon did little to help affordability.
FILE - A look at houses in Seattle , one of the hottest housing markets for real estate in the country.
Updates are expected Wednesday from the Seattle Office of Housing on an overview of housing needs and how its programs, like the most recent levy, are helping address them. Seattle needs more than 100,000 new homes by 2044. The housing and human services committee is also set to receive an update on the housing levy, which was passed by voters last year.
This comes as Seattle-based Amazon is donating another $1.4 billion to a fund for affordable housing. That's on top of an already announced $2 billion gift."We know housing is a really big challenge for a lot of people, especially in and around expensive metro areas," Amazon CEO Andy Jassy said. "And we feel strongly that we can help give back to our communities by helping preserve and create thousands of affordable homes.
The now $3.5 billion in the housing fund will be allocated not only in the Puget Sound region but also in Washington, D.C., and Nashville, where the company also has a large staffing presence.
Housing Amazon Affordable Levy Fund Homes Donations
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