Amazon Funds Purchase Crystal City Apartment Building for Conversion to Affordable Housing

"Financed by Amazon, a D.C. area housing nonprofit bought and will stabilize rent at a luxury apartment building in Crystal City.

The tech giant announced on Wednesday that it is contributing $381.9 million to Washington Housing Conservancy to create and preserve 1,300 affordable housing units at Crystal House (1900 S. Eads St), as rents rise amid Amazon’s expansion into the area."