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New Investment and Partners Grow Impact in Affordable Housing

Across Central Texas, the need for safe, stable, and affordable housing continues to grow—and so does the commitment to meeting that need with creativity, collaboration, and urgency.

In 2025, Austin Community Foundation’s Housing Accelerator Loan Fund reached several important milestones, reflecting the power of innovative financing and community partnership to move affordable housing projects forward more quickly.

A Year of Momentum

The Housing Accelerator Loan Fund invested $6.3 million in three new projects last year, helping bring approximately 221 affordable homes into development. These projects—Bailey at Berkman, Ovetta Rosedale, and Goodnight Ranch—will serve our region’s most vulnerable neighbors, including veterans, youth aging out of foster care, individuals with disabilities, and families needing a place to call home.

The Fund’s model is intentionally designed to maximize long-term impact. As loans are repaid, capital is recycled into new projects, creating a sustainable revolving source of financing. In 2025 alone, three loans were successfully repaid, allowing those dollars to be reinvested into the next round of affordable housing solutions.

These milestones, along with additional data and outcomes, are highlighted in the 2025 Housing Accelerator Loan Fund Report.

A Transformational New Investment

We are excited to announce a major new commitment from St. David’s Foundation: a $6 million grant that significantly expands the reach of the Housing Accelerator Loan Fund.

This investment aligns with St. David’s Foundation’s belief that safe, healthy, affordable housing is a critical foundation for health outcomes. As part of its broader Housing + Health 2.0 initiative—a regional effort focused on expanding affordable housing capacity—St. David’s Foundation is investing in cross-sector solutions that strengthen the entire housing ecosystem.

With this new grant, the Housing Accelerator Loan Fund now stands at $24.2 million, increasing our ability to provide fast, flexible financing for future projects and helping more developers move ideas into action.

“The Housing Accelerator Loan Fund shows what’s possible when philanthropy and community partners come together to remove barriers and speed up solutions—ensuring more Central Texans have access to stable homes and brighter futures.” – Mike Nellis, CEO of Austin Community Foundation

What comes next?

As the Fund continues to grow, so does its potential to accelerate lasting change. Every loan repaid and reinvested, every new partnership formed, and every new home created strengthens our collective ability to build a more inclusive and resilient Central Texas.

And this momentum is only growing, with three additional projects in the pipeline that we look forward to announcing soon. Together, these developments will expand the Fund’s impact and help more Central Texans access safe, stable homes.

We’re grateful to the donors, developers, and community leaders who make this work possible—and especially to St. David’s Foundation for its latest investment. Together, we are helping move affordable housing from concept to reality—one home at a time.

Learn more about the Housing Accelerator Loan Fund.

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