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June 25, 2022

Where Every Family Matters

Amazon to Develop 800 Affordable Housing Homes in Nashville Area

Amazon announced a commitment of $75 million in below-market capital for developers to create 800 affordable homes in the Nashville area near WeGo high-capacity transit corridors. 

“Nashville is one of Amazon’s newest communities, and we’re committed to supporting—and partnering closely with—our new neighbors,” said Michelle Gaskin Brown, Amazon’s Nashville Manager of Public Policy. “We believe everyone should have access to housing they can afford, and we look forward to working with the city of Nashville on even more innovative solutions to help local families achieve long-term stability.”

Transportation is central to the quality of life for families. According to a 2019 survey by the U.S. Bureau of Labor Statistics, the average household nationally spends 13% of their income on transportation costs—their second-highest expense after housing. This percentage increases for households making 80% of area median income—households which are disproportionally in communities of color. Transit-oriented development (TOD) is a unique approach to preserving and creating affordable housing options so moderate- to low-income families can afford to live near and benefit from quality public transit. Transit-oriented development provides equitable economic opportunity, reduced traffic congestion and associated environmental benefits, reduced time commuting, and reduced expenses associated with car ownership.

“Nashville must be a city that works for everyone,” said Nashville Mayor John Cooper. “And – in a city that works for everyone – everyone who works here should be able to live here. Nashville’s affordable housing needs are urgent, and Amazon’s commitment today will support our work to create and preserve more affordable homes for families.”

“By strategically placing affordable housing units along our frequent routes, we can ensure riders have equitable access to public transportation,” said WeGo CEO Steve Bland. “We are committed to advancing equity, diversity, and inclusion with our Better Bus plan and in our outreach to the community.”

Please visit amazon.com/housingequity to read more about Amazon’s Housing Equity Fund or see here to apply for funding.

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