Amazon.com Inc.

11/12/2026 | News release | Distributed by Public on 11/12/2026 08:07

Everything you need to know about the Amazon Housing Fund—a $3.6 billion commitment to help people access affordable housing

Key takeaways

  • Amazon committed $3.6 billion to affordable housing in the Puget Sound, National Capital, and Nashville regions.
  • The Amazon Housing Fund has helped 60,000 residents access affordable housing that stays affordable for 99 years.
  • Amazon-funded projects save residents an estimated $4,900 a year on rent near transit and jobs.
At Amazon, we believe everyone should have access to housing they can afford. The Amazon Housing Fund is our $3.6 billion commitment to help address this need.
Here's everything you need to know.

Amazon delivers more than 75 million meals to families in need

In 2025, Amazon extended its free home food delivery commitment through 2028 to help millions of families access food.

What is the Amazon Housing Fund?

In 2021, Amazon launched the Amazon Housing Fund with the goal of creating and preserving thousands of affordable homes across three of its hometown communities-Washington state's Puget Sound region; the Arlington, Virginia/National Capital region; and Nashville, Tennessee.
We established it to help fund the creation or preservation of affordable homes in high-opportunity areas for individuals and families earning moderate to low incomes across these three communities, and we provide these funds in the form of low-interest loans or grants.
When the fund launched, Amazon had committed $2 billion to help create and preserve 20,000 affordable homes across these communities. In just three years, we managed to surpass this goal, so in 2024, we extended the fund with an additional $1.4 billion for an additional 14,000 affordable homes, bringing Amazon's total commitment to more than $3.6 billion to help create or preserve more than 35,000 affordable homes across these communities. While we surpassed our original goal, we're also aware that there is a critical need for more affordable housing, and we're dedicated to helping address this need.
Since the launch of the fund, Amazon has supported projects totaling more than 27,000 affordable homes, with over $2.7 billion in funding. These projects represent significant milestones in addressing housing affordability:
Puget Sound Region
The National Capital Region

How does the Amazon Housing Fund work?

Developers across these three communities apply to Amazon for funding, either in the form of grants or low-interest loans (payments on these loans go back into the community to support more affordable housing and other community initiatives). These funds support both preservation and new construction of affordable housing.
Preservation of existing affordable homes allows us to ensure that those homes stay affordable for generations and prevents displacement of existing tenants. Many existing affordable homes, such as apartment buildings, are sold and converted into prevailing-rate housing, and our goal is to help keep these homes affordable for the long term.
Much of our funding also goes to new construction of affordable housing, as the demand for affordable housing continues to grow. Whether we're supporting preservation or new construction, nearly all of the affordable housing we fund must stay affordable for 99 years, which means these homes stay affordable for generations to come.
Innovation fuels the Amazon Housing Fund, helping us find new and better ways to expand access to affordable housing in communities where people want to live. This innovation often comes to life through creative partnerships, blending Amazon's capital with public resources, mission-aligned developers, and even nontraditional sites to unlock affordable housing where it's needed most. By looking beyond conventional financing models and collaborating with partners across the public and private sectors, Amazon can move faster and stretch every dollar further in service of long-term affordability.

Amazon's pro bono program surpasses 90,000 hours of free legal service across six continents

Over 12 years, Amazon's legal teams have provided free help across 26 countries, from a legal clinic supporting victims of scams to veteran support programs. Inside the 2026 Pro Bono Report.

Who does the Amazon Housing Fund serve?

The housing fund is designed to help moderate- to low-income residents-households that earn 30% to 80% of the area median income-access quality affordable housing. That often includes first responders, teachers, health care workers, and others who may not typically qualify for subsidies, but whose wages haven't kept pace with escalating rents. We also prioritize affordable housing in locations that allow thousands of families to live closer to where they work or near transportation hubs, removing a major barrier to success.
"We created the Amazon Housing Fund because we believe all people should have access to housing they can afford," said Amazon CEO Andy Jassy. "The fund helps people access affordable housing in the communities around our offices in the Puget Sound region, HQ2 in Arlington, Virginia, and in Nashville, Tennessee. We know housing is a big challenge for a lot of people, especially in and around expensive metro areas, and we feel strongly that we can help give back to our communities by helping preserve and create thousands of affordable homes."

What are the impacts of the Amazon Housing Fund?

Since 2021, the housing fund has helped to create and preserve 27,000 homes that have enabled more than 60,000 residents to access affordable housing, the majority of which will remain affordable for 99 years. Amazon-funded projects save residents an estimated average of $4,900 annually on rent and 80 minutes on their daily commute. These homes are also in high-opportunity areas with 11 times more nearby jobs.

What is the Amazon Housing Accelerator Fellowship?

Since we launched the housing fund, we've also been intentional about creating greater economic impact by supporting emerging developers. We do this through the Amazon Housing Accelerator Fellowship, a free, 18-month program designed to foster the careers of emerging real estate developers while lowering the barriers they often face. In the fund's first five years, 83 developers have graduated from the program, and we're continuing to fund this program as we look to the future.

How can prospective development partners apply for funding through the Amazon Housing Fund?

If you are a prospective development partner with experience in creating or preserving multifamily affordable housing developments across these three communities-Washington state's Puget Sound region, the Arlington, Virginia/National Capital region, and Nashville, Tennessee-and are interested in learning about how to apply for funding from Amazon, reach out to [email protected].

Amazon delivered more than 2 million meals to students in rural communities this summer

Amazon's Summer Meals for Kids program partners with 18 food banks and school districts to deliver meals to families across 13 states this summer.

What else is Amazon doing to increase affordable housing?

While the housing fund primarily has supported (and will continue to support) affordable rental housing, we're also pursuing other ways to increase access to affordable housing. Beyond direct investment, we fund research and convene conversations that help advance the broader affordable housing field-from supporting studies that sharpen our understanding of what works, to engaging with policymakers and sharing lessons learned at national conferences and convenings.
We know we can't solve the affordable housing crisis alone, so we remain committed to sharing our approach and contributing our thinking alongside the many partners, advocates, and policymakers working toward the same goal. Going forward, we'll continue to pursue new ways for the housing fund to create positive housing outcomes for moderate- to low-income residents.
As we look ahead, our focus will remain on finding the most effective ways to create affordable homes near transit, jobs, schools, health care, and community resources to create better outcomes for all.
Update: This article was originally published on August 19, 2024. It has been updated on November 12, 2026 to reflect the latest information regarding the Amazon Housing Fund.
Amazon.com Inc. published this content on November 12, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on November 12, 2026 at 14:14 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]