Loading...
Market
What will be the impact of Amazon's affordable housing initiative on average rent prices for essential workers in these cities by June 2025?
4
Resolution / Starting Odds
Significant decrease • 33%
Moderate decrease • 34%
No significant change • 33%
Housing market reports and official statements from local governments
Story
Amazon Commits $1.4 Billion to Build 14K Affordable Homes, Total Pledge Reaches $3.6 Billion
Jun 12, 2024, 10:15 AM
Amazon has committed an additional $1.4 billion to its Housing Equity Fund, aiming to create 14,000 affordable housing units in Seattle, Nashville, and Washington, DC metro areas. This new investment brings Amazon's total pledge to $3.6 billion. The fund, established three years ago, focuses on preserving or building affordable housing in regions where Amazon has major corporate offices. CEO Andy Jassy announced the initiative, highlighting the challenge of rising rents outpacing salaries for essential workers like teachers, nurses, and first responders.
View original story
Similar markets
Increase in rental prices • 33%
Decrease in rental prices • 33%
No significant change • 34%
Decrease by >10% • 33%
Remain stable (+/- 10%) • 34%
Increase by >10% • 33%
Significant decrease (>10%) • 33%
Moderate decrease (5-10%) • 33%
No significant change (<5%) • 34%
Less than 10,000 units • 34%
10,000 to 13,999 units • 33%
14,000 or more units • 33%
Increase in rental prices • 33%
Decrease in rental prices • 33%
No significant change • 34%
Prices decrease significantly (>10%) • 33%
Prices moderately decrease (5-10%) • 33%
Prices remain stable or increase • 33%
Seattle • 33%
Nashville • 33%
Washington, DC metro area • 34%
Significant increase in employment • 25%
Moderate increase in employment • 25%
No significant change • 25%
Decrease in employment • 25%
Significant Increase • 25%
Moderate Increase • 25%
No Change • 25%
Decrease • 25%
0-10% increase • 25%
11-20% increase • 25%
21-30% increase • 25%
Reduction in emissions • 25%
Significant increase in local employment • 33%
Moderate increase • 33%
No significant change • 34%
Significantly reduced • 33%
Moderately reduced • 33%
No significant change • 33%