Amazon invests $42.5 million to build 318 affordable housing units in Bellevue, SeaTac

[Yo_Mama_Been_Loggin]

Amazon announced Tuesday it would invest $42.5 million to build affordable housing near public transit sites in the Puget Sound region.

The company said it will partner with Sound Transit to build at least 318 affordable housing units, funded by low-rate loans and grants from Amazon.

According to Amazon, 233 units will be located near the new Spring District/120th light rail station in Bellevue that is scheduled to open in 2023. The new apartments will be funded by a $25.8 million low-rate loan and predevelopment grant to BRIDGE Housing.

The company said the nonprofit developer teamed up with the YMCA of Greater Seattle for youth and family services at the Bellevue location.

https://www.msn.com/en-us/money/realestate/amazon-invests-42-5-million-to-build-318-affordable-housing-units-in-bellevue-seatac/ar-AAV5Flo

[Aristus]

1. After all, who needs low-income housing more than Amazon employees?

[Yo_Mama_Been_Loggin]

4. I have brother in law who works for them

He does quite well.

[cbabe]

2. Define affordable.

[FuzzyRabbit]

3. Good point.

If you have to ask, you can't afford it.

[live love laugh]

5. Amazon w/be blamed for this while greedy oligarchs

who pay less and do nothing for their employees are ignored.

Why is Amazon the target when they pay more than peers and do more for employees?