North Raleigh Today

Amazon has announced a $100 million investment in Bellevue to speed up the development of affordable housing for low-to-moderate income families. The company aims to reduce construction timelines by one to two years, allowing quicker access to new homes.

This initiative is part of Amazon's broader $3.6 billion effort to create and preserve 35,000 affordable homes across regions including Puget Sound, Arlington, VA, and Nashville. With this latest commitment, Amazon's total investment in the Housing Equity Fund now exceeds $3.6 billion.

The focus will be on projects supported by the City of Bellevue and three city-owned transit-oriented sites. These efforts aim to provide low-to-moderate income families with proximity to community resources.

David Zapolsky, Chief Global Affairs and Legal Officer at Amazon, shared this news during the groundbreaking ceremony for Spring District, a BRIDGE Housing Community project that will bring 234 affordable homes through transit-oriented development. This community will consist of two multi-story buildings near the Spring District Link rail station and offer studio to three-bedroom apartments for households earning 60% or less of the Area Median Income. Forty units are reserved for individuals with developmental disabilities. The completion is scheduled for November 2026.

“I’m excited to announce Amazon is committing $100 million to the City of Bellevue to fund high-priority affordable housing initiatives as we break ground on Spring District, one of our largest Puget Sound developments,” said Zapolsky. “To date, we’ve helped create or preserve more than 1,400 homes in Bellevue, which increased the City’s number of affordable housing units by 31%. Today’s commitment moves us even closer to our collective goals of securing affordable housing for those in need.”