06-01-2021 19:08 via kvoa.com

Amazon pledges $2B for affordable housing in 3 US cities

SEATTLE (AP) — Amazon has announced $2 billion in loans and grants to secure affordable housing in three U.S. cities where it has major operations, including a Seattle suburb where the online retailer employs at least 5,000 workers. The Seattle Times reported Wednesday that Amazon said it would give $185.5 million to the King County Housing Authority to help buy affordable apartments and keep the rents low. The authority is expected to pair that with bond funding to fund its recent purchas
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