The Arlington nonprofit that received $3 million from Amazon.com Inc. (NASDAQ: AMZN) to help ease the county's affordable housing woes has released a plan on how it will spend the money. The Arlington Community Foundation, which was gifted the money in June, said Thursday the funds will largely be used to create affordable apartments for Arlington households with yearly incomes of $36,000 or less. The foundation said $1 million will be given to the Arlington Partnership for Affordable Housing to further subsidize rents in 10 of the new apartment units being developed at American Legion Post 139, 3445 Washington Blvd. in Virginia Square. Read More...
Here’s how one Arlington nonprofit will spend Amazon’s affordable housing dollars
The Arlington nonprofit that received $3 million from Amazon.com Inc. (NASDAQ: AMZN) to help ease the county’s affordable housing woes has released a plan on how it will spend the money. The Arlington Community Foundation, which was gifted the money in June, said Thursday the funds will largely be used to create affordable apartments for Arlington households with yearly incomes of $36,000 or less. The foundation said $1 million will be given to the Arlington Partnership for Affordable Housing to further subsidize rents in 10 of the new apartment units being developed at American Legion Post 139, 3445 Washington Blvd. in Virginia Square.
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