Amazon donates $3 million to Virginia homeless group as HQ2 pushes home prices up 17%

Amazon is donating millions to address homelessness in Northern Virginia, where its new headquarters has already driven up the cost of housing.

The mega-retailer will give $3 million to the Arlington Community Foundation in Virginia to “increase access to affordable housing for low-income families and veterans,” and $5 million to the nonprofit developer Plymouth Housing in Seattle to provide permanent housing to people who are experiencing homeless, Amazon AMZN, -0.03% announced last week.

“Since 2000, Arlington County has lost nearly 90% of its market affordable housing stock,” said Jennifer Owens, president and CEO of Arlington County Community Foundation, in a statement.

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