Amazon to Commit USD 10.6 Million to Create 130 Affordable Homes and Expand Social Services in Nashville
May 4, 2022 By MarketDepth
Amazon.com, Inc. (NASDAQ: AMZN) reported that it will invest USD 10.6 Million to help build and renovate over 130 affordable homes in partnership with the Metropolitan Development and Housing Agency and support the social work of the local nonprofit CrossBridge Inc. This comes as no surprise as it is a contribution to Amazon’s commitment of the Amazon Housing Equity fund to create and preserve 20,000 affordable homes for individuals and families earning moderate to low incomes in Nashville, Washington state’s Puget Sound region, and the Arlington, Virginia, region. “We’ve already hired more than 2,500 people at our Nashville office, and we’re continuing to invest and create jobs across the city. We also know that the city’s growth, the impacts of the pandemic, and various other factors affect the availability of affordable housing, and we want to do our part to help. As one important piece of that, we’re proud to be partnering with MDHA and CrossBridge to bring new housing to residents,” said Michelle Gaskin Brown, Amazon’s Nashville manager of public policy. “These new developments will provide affordable housing, social services support, and convenient access to public transportation to hundreds of families and individuals in the city. We look forward to continuing our investment in Nashville and helping to create and preserve affordable homes so everyone has the opportunity to live, work, and thrive here.”
“Cherry Oak Apartments is one of many new residential developments at Cayce Place as we move forward with transforming our largest subsidized housing property into a mixed-income community. We are grateful to receive Amazon’s first major investment for affordable housing in Nashville, and we hope this is just the start of a successful partnership.”
MDHA Executive Director Dr. Troy D. White
