Source: Teo Armus, Washington Post ( Paid Registration )

The undertaking is part of a $40 million initiative that executives said is meant to help boost homeownership among “underserved groups” in the D.C., Seattle and Nashville areas.

The first pool of money in the homeownership effort will take the form of grants to support affordable housing developers and community organizations looking to help grow their affordable homeownership programs and help area residents buy their first homes.

Read Full Article: Amazon launches plan to help ‘underserved’ D.C. families buy homes