Amazon’s Fund Makes Affordable Homes Available to Low-Income Families

Jeff Bezos

Amazon recently unveiled a new Housing Equity Fund. The company invested over $2 billion to preserve and create over 20,000 affordable housing units in three communities where the company has thousands of employees – Washington State’s Puget Sound, Virginia, Arlington, and Nashville.

Amazon’s Housing Equity Fund

This fund will help preserve existing housing and help create housing developments through below-market grants and loans to public agencies, housing partners, and organizations led by minorities. According to a news release, the Fund seeks to make sure that moderate- to low-income families can afford housing in resource-rich communities with easy access to neighborhood services, jobs, and amenities.

The first investments made by Amazon include $381.9 million in below-market grants and loans to the Washington Housing Conservancy to create or preserve up to 1,3000 affordable homes on the Crystal House property in Arlington and $185.5 million in below-market grants and loans to King County Housing Authority so they can preserve up to 1,000 affordable homes in the Washington state, with more investments to come in all three regions.

Amazon's investment concept

King County Housing Authority in Washington State

As part of the growing partnership of Amazon with King County Housing Authority, the company will fund an initial $161.5 million below-market loan and $24 million in grants to preserve affordability for 1,000 apartment homes.

Crystal House in Washington Housing Conservancy, Arlington, Virginia

Amazon’s first Housing Equity Fund commitment in Virginia includes $339.9 million below-market grants and loans worth $42 million to the Washington Housing Conservancy. It’s a nonprofit organization that preserves properties so they are affordable for moderation to low-income families.

Since Amazon announced their selection of Arlington as being the site of their second headquarters, they donated more than $19 million to organizations in the Washington D.C. metro area. Most recently, Jeff Bezos’ company gave $3 million across four legal service agencies to support individuals and families facing eviction issues due to challenges stemming from the ongoing pandemic.

Pecan Rich Diet Can Reduce Cholesterol Levels

Irrespective of how you chose to pronounce pecan – consuming it can actually help you with your cholesterol levels – according to the research done by the University of Georgia. The study was carried out for 8-weeks with participants at a high risk of cardiovascular disease consumed pecans. The results showed a remarkable improvement in their cholesterol levels.

Jamie Cooper – a professor of the FACS department of nutritional sciences, said that the dietary intervention could be termed as highly successful. Participants who entered the program flagged as high cholesterol patients no longer belonged to that category at the end of the program.

What do the Numbers Say?

The numbers that came out of this dietary intervention were astonishing. The research saw an average drop of 5% in cholesterol levels and a drop of 6% to 9% in LDL levels in participants. To set the numbers in context – a meta-analysis of previous exercise interventions of the patients showed an average reduction of !% of total cholesterol levels.

Experts believe that the addition of pecans in the diet will not only be better at fighting cholesterol compared to other lifestyle changes – it is a more sustainable and more viable option for long-term health goals. People might not keep up with exercise schedules – but they surely will not stop eating pecans.

How Did the Research Go?

According to various research, even a 1% reduction in the levels of LDL is linked to a decrease in the risk of getting coronary artery disease. So the reduction levels found out after eating pecans have a substantial clinical significance.

This research was conducted on 52 adults between the age group 30 to 75 with a greater risk of getting a cardiovascular disease.

The adults were divided into three groups. Group A – added a serving of pecans to their regular diets; Group B substituted pecans for a similar amount of calories from their diet, while Group C was a control group with no changes in their diet. After eight weeks, the result showed that people who consumer peccan as an addition to their meals and people who consumed pecans as a substitute for their meals showed similar results. Pecans have high levels of healthy fatty acids and fiber, linked to lower cholesterol.