Microsoft and Amazon, together on housing: Tech giants find common ground in push for policy changes

Theyβre rivals in the cloud, and competitors for customers and talent. But Microsoft and Amazon are on the same page when it comes to Washington stateβs housing crisis β literally, in the case of an op-ed Friday and full-page ad last Sunday in The Seattle Times.
The Seattle region βfaces a housing emergency that threatens our stateβs quality of life, health and economic competitiveness,β write Brad Smith, Microsoftβs vice chair and president, and David Zapolsky, Amazonβs chief global affairs and legal officer.
It was an unusual joint byline, to say the least, but it reflected the similar big-picture goals of their separate housing initiatives.Β
Combined, the two companies have committed $1.6 billion to preserve and build more than 26,000 affordable homes in the region. But the executives say even that isnβt enough, framing the problem as a supply issue that requires building βmore homes of all kinds.β
Theyβre backing several bills in the current legislative session, including SB 6026, which would allow residential development on commercial land like strip malls and big-box stores. They also praise Gov. Bob Fergusonβs proposed $225 million in bonds for the state Housing Trust Fund.
βGoing forward, legislators must commit to a simple test: If a policy makes housing more costly or takes longer to build, donβt pass it. Consider an alternative,β they write. βEnact policies that pencil in todayβs market, not aspirational measures that might work down the line.β
They warn that other states are moving faster to attract developers. βCapital is fluid,β they write. βBanks, investors and lenders are going where they can make predictable returns.β
The joint push comes after Microsoft released a report last week outlining lessons learned from its housing investments. Read our earlier coverage for more details.