The tech giant will donate $ 40 million worth of vacant land to Arlington County for the development of more than 550 affordable units.
Meeting the need for more affordable housing in Arlington is a major goal for officials in the city of Northern Virginia, and Amazon has announced a multi-million dollar investment to help make that vision a reality.
The tech giant will donate a vacant lot valued at $ 40 million in Arlington County for the development of more than 550 affordable units. The donation, located on Amazon’s 16-acre Crystal House property, is part of the Amazon Housing Equity Fund’s efforts to preserve moderate to low-income housing around its new headquarters.
A minimum of 148 of the units will be designated for households collectively earning 50% or less of the region’s median income, and at least 406 units will be reserved for households earning less than 80%, by January 2028. The agreement also includes the option of developing some of these units on other properties across the county.
“Amazon is showing dedication and commitment to the Arlington community with this revolutionary opportunity to increase the number of affordable housing in the county,” Anne Venezia, Housing Manager for Arlington County. said in a press release. “Future development at the Crystal House site will help strengthen critical housing supply goals in an area where affordable housing options are limited. “
Amazon bought the land option in a deal to help the Washington Housing Conservancy acquire the property last year. He will turn the site over to the county under a transfer and takeover agreement.
The county council will consider the proposed deal at its meeting later this month. If approved, the county will then begin a nationwide search for a developer and begin construction in 2025.
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