Amazon Launches $2 Billion Housing Fund in 3 US Cities

[CrealBilly]

Read all about it.

Amazon Launches $2 Billion Housing Fund to Make 20,000 Affordable Homes Available for Working Families in 3 Cities

Amazon unveiled a new Housing Equity Fund, investing $2 billion to preserve and create 20,000 affordable housing units in three U.S. cities.

www.goodnewsnetwork.org

 

[Oka]

Great ! I guess how do you define affordable ? SF Bay area and Honolulu Affordable is 850-900 k Nebraska 160-180 k

 

[junquecol]

This is in cities where Amazon has large presence. Their own employees don't make enough to live there?

 

[cyclopentadiene]

A few years ago whenb my son was grauating from college, he had a job offer from an internet based company (npot Amazon) in San Francisco. They offered $35K per year salary which was not enough to cover rent while sharing one bedroom apartment with three others. They did a grea job at convincing him that this was a great opportunity and he was convinced this was the offer of a lifetime.
Fortunately, he had an offer in Raleigh and e convinced him that it was a better opportunity. He worked thre about 1 1/2 years and moved to NYC. which has high rent but at least the salaries are adjusted to afford the cost of living expenses.

 

[Rkadish]

there are so many abandoned buildings that could be retrofitted into affordable housing.