Amazon announced Friday it has fulfilled its 2021 commitment to create 10,000 affordable housing units throughout the Puget Sound region, representing over $900 million in housing investments designed to benefit approximately 22,000 residents.
The milestone achievement stems from Amazon’s Housing Equity Fund, launched three years ago as part of the company’s broader $3.6 billion commitment to support affordable housing across the Puget Sound area, Washington D.C., and Nashville.
Alice Shobe, director of community impact at Amazon, emphasized the long-term community benefits of the initiative. “When I think about these affordable homes, I see families finding stability and new opportunities,” Shobe said. “These are solutions that will make a difference for generations to come.”
The housing units provide residents access to stable housing near employment centers, schools, and public transit infrastructure, addressing key accessibility challenges that affect low-income families in the region’s competitive housing market.
A critical component of Amazon’s approach requires maintaining affordability for 99 years, ensuring long-term housing security rather than temporary relief. This extended affordability period distinguishes the program from shorter-term affordable housing initiatives that may revert to market rates after standard compliance periods.
Joe Thompson, president of Mercy Housing Northwest, highlighted the partnership’s transformative impact. “Amazon’s partnership has been transformative for affordable housing development in the Puget Sound region,” Thompson stated. “At Connection Angle Lake, this partnership allowed us to create not just housing, but a community where residents can thrive near transit, jobs, and services.”
The initiative addresses ongoing housing affordability challenges in the Puget Sound region, where rapid economic growth and limited housing supply have created significant barriers for moderate and low-income residents.
Amazon’s investment strategy combines direct financial resources with community development partnerships, leveraging existing affordable housing organizations and local government collaboration to maximize impact and ensure sustainable development practices.
The company continues accepting new project applications for Puget Sound developments through September 30, indicating ongoing commitment beyond the initial 10,000-unit goal.
The achievement occurs amid broader corporate engagement in regional housing issues, as major employers increasingly recognize workforce housing availability as a critical business consideration affecting recruitment and retention capabilities.
The 99-year affordability requirement represents a significant commitment to long-term community stability, extending well beyond typical corporate social responsibility timeframes and creating lasting housing security for participating families.
