Amazon to invest $2 billion to build affordable housing in these three cities

The new headquarters of Amazon under construction in the Crystal City neighborhood of Arlington, Virginia, on May 13, 2020. Amazon is pledging to invest more than $2 billion over the next five years toward affordable housing.

Amazon is pledging to invest more than $2 billion over the next five years toward affordable housing in three cities where it has major operations.

The tech giant's new Housing Equity Fund will invest in moderate- to low-income housing around Seattle, Nashville and Arlington, Virginia, where the company ultimately expects to have at least 5,000 employees each.

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