Amazon has reopened the application portal for its Housing Equity Fund, offering $1.4 billion to create or preserve 14,000 affordable units in Washington’s Puget Sound, Arlington, VA and Nashville, TN. Developers of multifamily affordable housing are encouraged to apply for low-interest loans and grants. This initiative prioritizes projects in well-resourced, transit-accessible areas, ensuring housing for individuals and families earning 30 to 80 percent of area median income. The fund presents opportunities for developers to access low-cost capital to achieve long-term affordability for their projects. Apply before the Oct. 31, 2024, deadline. Developers can apply for funding through Amazon’s Housing Equity Fund on the Amazon Housing Equity Fund website.
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