Amazon puts up $100M for affordable housing near light rail stations

Amazon.com Inc. is putting up $100 million toward 1,200 affordable housing units on Sound Transit’s surplus properties, the two organizations announced Wednesday. The units are a part of Sound Transit's equitable transit-oriented development policy, which plans to have 1,500 affordable housing units built on surplus properties. The funding from Amazon is for below-market loans to developers working with the regional transit agency. The first $25 million will be for pre-development activities…