Bellevue receives 100M for affordable housing as construction starts on new Spring District development

Amazon's announcement of a $100 million investment from its Housing Equity Fund comes at a pivotal moment for Bellevue, coinciding with the groundbreaking of a new affordable housing development in the Spring District. The project, developed in partnership with BRIDGE Housing, will introduce 234 affordable housing units, including 40 specifically for individuals with developmental disabilities, enhancing the city's housing stock. Mayor Lynne Robinson noted that addressing housing affordability requires a coalition of dedicated partners and leaders who are willing to invest in both buildings and community welfare. The city aims to add or preserve 5,700 affordable housing units over the next ten years as part of its comprehensive Affordable Housing Strategy. Amazon's Chief Global Affairs and Legal Officer, David Zapolsky, reiterated the company's commitment to supporting transit-oriented development and giving back to local communities.

The collaboration with regional partners, including the state Department of Commerce and King County, highlights a unified effort to tackle rising housing prices. As Bellevue continues to grow, these initiatives are crucial for ensuring that all community members can remain a part of the city's evolving narrative. More information about the city's affordable housing efforts can be found on their official website.