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REAL ESTATE
Amazon commits additional $1.4 billion for affordable housing
Amazon has announced an additional commitment of $1.4 billion in support of affordable housing in the Puget Sound area, the Capital region, and Nashville, boosting its total commitment to $3.6 billion through 2025. The commitment to the company’s Housing Equity Fund will help create and preserve an additional 14,000 affordable...
Built-to-rent housing boom bypasses PNW
Despite a chronic need here for affordable housing, the national trend to build houses for rent, not for sale, hasn't gained traction in the Pacific Northwest.Why it matters: With mortgage rates perched near record highs for the year, there has been a proliferation of such housing in many communities across the U.S.They offer residents property management perks without down payments or long-term commitments — and no mortgages.By the numbers: In 2023, the U.S. saw 27,500 build-to-rent houses completed, an all-time high. It was 75% more than the year before and triple the number in 2021, according to a recent RentCafe...
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