Amazon is launching a new $40 million affordable housing initiative targeted at expanding homeownership for moderate-income families in three cities where it has major operations.The program aims to help about 800 families buy homes below market price with minimal down payments in the areas around Seattle, Nashville, and Arlington, .The pilot initiative, a partnership with the National Housing Trust, is targeted at households making less than 80 percent of the local median income, which for a family of four would be $80,000 in Nashville, $95,000 in Arlington and $100,900 in Seattle.
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