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Austin Community Foundation has $2.7 million in investment assets to support local projects that help close the opportunity gap in Central Texas.

Review the latest impact data from our FundATX investments below.

Grameen America

 

 $250,000 investment in microloans and job training for entrepreneurial women to
build small businesses in Central Texas.

$25.7 MM in 11,952 loans disbursed in the Austin area

4,195 jobs created (or maintained)

3,731 women served

99.75% repayment rate

 

People Fund

$100,000 investment in access to capital, education & resources to under-capitalized populations
to develop small businesses.

$4.9 MM in 102 loans in Central Texas
(5-county region)

82% of loans to women-owned businesses; 14% to veteran-owned businesses

1,162 individuals served (41% white, 33% Hispanic, 16% African American)

874 hours of business training provided

 

Community Loan Center Of Austin

$200,000 investment in increasing access to affordable consumer financial products as
an alternative to predatory lending

$1.3 MM in 1,380 loans in Central Texas

$963 average loan size

692 participants in financial education classes

92% reduction in interest and fees compared to payday loans

 

Austin Housing Conservancy

$400,000 line of credit for the social impact private equity fund to preserve affordable multi-family
rental housing for Austin’s workforce.

792 housing units preserved

1,170 tenants served

Increased tenant renewal rate by over 10%

Serves individuals earning between 60-120% median family income ($34,200 – $68,400)

 

tsahc TEXAS

$250,000 investment for the construction of an accessible, affordable apartment complex for
people with and without disabilities.

27 apartment units under construction

Serves individuals and families at or below 50% of the median family income

11 partners invested and/or granted (banks, nonprofits and local, state and federal institutions)

Projected completion expected in 2020

 

FundATX Impact Report

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