Amazon Launches $2bn Housing Equity Fund to Make 20k Homes

https://www.businesswire.com/news/home/20210106005304/en/Amazon-Launches-2-Billion-Housing-Equity-Fund-to-Make-Over-20000-Affordable-Homes-Available-for-Families-in-Communities-It-Calls-Home

by sna1l • 6 years ago

11 11 6 years ago

businesswire.com

tsjq• 6 years ago

Housing as a service

zyemuzu• 6 years ago

You'll own nothing and you'll be happy.

tartoran• 6 years ago

Next: Happiness as a service (as soon as they figure out how)

kneel• 6 years ago

They're building apartments right next to their warehouses? I can't imagine anything more depressing than being fully surrounded by a megacorp that dominates every aspect of your life.

For future's sake I hope they make these places a bargain and empower their employees, however that seems like a pipe dream.

rubycon22• 6 years ago

I imagine being homeless would be a lot more depressing than living in one of those apartments.

michelb• 6 years ago

The amazon company town may not be far away.

ashtonkem• 6 years ago

That comes out to $100,000 per unit, which is below the median cost of an apartment unit ($201,978) or a detached home ($303,515). If they can pull it off it'll be a triumph, but their goal is very ambitious.

throwawaysea• 6 years ago

I'd rather Amazon and other companies decentralize their presence away from a few locations, and instead invest in the economy of other smaller locations. The benefit to those seeking affordable housing conditions is that this will reduce price pressures on highly-desirable locations by making other places also economically desirable (and moving housing demand around). The money spent on affordable housing will also go a lot further in those locations.

My selfish reasons for wanting this is that the Seattle area has become worse in many ways since Amazon became big - increased density has led to terrible traffic, crowded parks, impossible parking, neighborhoods that have lost their charm, changing politics, and other issues. Some may view those things as a positive, but I think most long-term residents of Seattle probably disagree.

Bakary• 6 years ago

This will literally be a return to the 19th century real life examples of oligarchs determining almost every aspect of their workers' lives. The only thing missing is an in-house currency.

patagurbon• 6 years ago

These are just loans and grants to affordable housing orgs. Seems perfectly reasonable.

cracksmoka420• 6 years ago

I don't understand why people are outraged at the concept of a company building housing for its workers. There's just nothing inherently evil about that. Take a step back and calm down

Amazon Launches $2bn Housing Equity Fund to Make 20k Homes

Related Stories