Amazon is partnering with a dozen D.C.-area providers and developers to fund more than 1,000 affordable housing units — the tech giant’s latest attempt to blunt the economic impact of its second headquarters, a massive complex that although it’s not set to open until 2023, has already drastically altered the economic landscape of the D.C. region.

Using roughly $150 million in grants and loans, the company — which brought in a profit of about $33.36 billion in 2021 — will facilitate the creation or preservation of affordable housing units across D.C. The money comes from Amazon’s $2 billion Housing Equity Fund, a pot of money purportedly intended to prevent displacement in the wake of the company’s growth, but which has seemingly done little to help the region’s poorest residents. A Washington Post analysis earlier this year found that only 6% of the units created by the fund had gone to the lowest-income renters.

The D.C. money will be used for eight different projects in the city — many tied to Metro stops and accessibility, following the company’s earlier commitment in 2021 to invest $125 million of the Housing Equity Fund in affordable housing units on Metro-owned land.

One of the most notable of the developments getting Amazon’s largesse is planned for the Congress Heights Apartments, where earlier this year tenants secured a major victory over a neglectful landlord who had tried to quietly sell the rent-controlled building to a high-end developer. Using the Housing Equity Fund, Amazon will support the new developers’ plan to construct 179 affordable units for households earning between 30%-80% AMI, or area median income. (In D.C., that’s around $43,800 to $114,000 for a four-person household.) Located next to the Congress Heights Metro and the St. Elizabeth’s East Campus, the completed renovation will also include 240,000 square feet of retail space.

Of the developments announced, none stipulate reserved units for extremely low-income residents, referring to households earning no more than 30% of the AMI.

Other projects include:

• 2026 Maryland Ave NE: 320 affordable units for households earning between 30%-60% AMI will be preserved in the Carver-Langston neighborhood of Ward 5. The company Jair Lynch Real Estate Partners is the lead owner and developer.
• The Residences at Benning Road: This project will create 156 new affordable units for households at 60% AMI within one block of the Benning Road Metro, becoming the second affordable, assisted-living community in Ward 7. The lead developer on the project is Gragg Cardona Partners.
• 4111 Kansas Ave NW: The non-profit So Others Might Eat (SOME) purchased the newly constructed property in Ward 4 with Amazon’s financial support. Originally designed as condos, the building will house 40 units for households earning between 50-80% AMI.
• 325 Vine: Across the street from the Takoma Metro stop, the new apartment building will house 102 affordable units for households earning between 60-80% AMI.
• S Street Village: Manna, Inc. a nonprofit affordable housing consultant, will develop 90 units for households earning 60% AMI at the Ward 2 building.
• Mount Pleasant Preservation Project: Amazon will partner with the housing provider Jubilee to convert 165 apartments across Richman Towers, Sarbin Towers, and Park Marconi in Ward 1’s Mount Pleasant neighborhood into affordable units for households earning between 40%-80% AMI.
• Holmead Place Apartments: The Ward 1 apartment building will be converted by developer Wesley Housing into accessible residential units for households earning between 30-80% AMI.

Speaking at a press conference in Congress Heights announcing the investment on Wednesday, Mayor Muriel Bowser touted Amazon’s investment as an advancement toward her goal of building 36,000 new housing units in the city by 2025. It also comes on heels of her recent investment of $300 million in 11 new affordable housing projects, announced in August.

“We know that this partnership will allow us and affordable housing partners to close gaps in financing, and to bring more affordability to their projects,” Bowser said.

Outside of the city, Amazon will fund three new partnerships in Maryland and Virginia. One will create 130 units for households earning 70-80% AMI at 210 on the Park, a development near the Capitol Heights Metro station in Prince George’s County. The building will also contain retail space, offered at a discounted rate to locally and minority-owned businesses. In increasingly unaffordable Montgomery County, Amazon is backing the Montgomery Housing Partnership’s effort to develop 163 homes for households between 30-80% AMI, and in Virginia, homeless services organization Good Shepherd Housing and Family Services will use Amazon’s help to acquire 18 Alexandria townhomes, and preserve them at 50% AMI.

The first major investment of Amazon’s fund in the region went to the Washington Housing Conservancy, a local housing nonprofit that used the loan to purchase the Crystal House apartment building in Arlington, near the forthcoming HQ2 site.

This post has been updated to reflect the most recent AMI numbers.