In line with its $2 billion homes pledge, Amazon has donated $1.5 million to The Housing Fund to incentivize landlords in Nashville who are committed to maintaining affordable housing.
“Amazon’s latest contribution will enable The Housing Resiliency Fund to expand its reach to help landlords of small multifamily and naturally occurring affordable housing dwellings of 50 units or less,” said Marshall Crawford, president and CEO of The Housing Fund. “As their taxes go up, landlords also need relief, so the burden is not passed on to tenants. These tenants are people who need to stay in their homes. We have been able to help hundreds of families so far and hope to continue that progress with Amazon’s support.”
The donation is on top of Amazon’s initial $2.25 million contribution to The Housing Fund in 2020, according to a release. The non-profit aims to use the additional donation to extend its property tax relief support for homeowners, through its Housing Resiliency Fund, to eligible landlords. It will also continue to make mortgage payments on behalf of qualified homeowners to help mitigate the impact of rising housing costs.