05 May Amazon’s $55 million speeds up affordable housing project in Tysons
May 5, 2022
Efforts to build 516 units of affordable housing in the expensive Tysons area of Fairfax County will get a $55 million boost from Amazon, officials announced Tuesday.
Through that investment from the tech company’s Housing Equity Fund, construction will accelerate on the planned Dominion Square development a short walk from the Spring Hill Metro stop, Fairfax County officials said during a news conference.
The two-building project, which has yet to break ground, will be the first residential community fully committed to below-market-rate housing in Tysons, a once-mall-centric neighborhood that has become a hub for Fortune 500 companies, luxury high-rise condominium developments and top-flight hotels and restaurants.