69% of residents earning at or below 80% of median family income (approx. $55,400 for an individual)
Austin Community Foundation has $3.3 million in investment assets to support local projects that help close the opportunity gap in Central Texas.
Review the 2021 impact data from our FundATX investments below.
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.
1,170 units preserved – 20% increase compared to 2020
1,744 tenants served
72% tenant renewal rate
Community Loan Center of Austin
$200,000 investment in increasing access to affordable consumer financial products as
an alternative to predatory lending.
$1.2 MM in 1,261 loans in Central Texas
$986 average loan size
756 participants in financial education classes
93% savings compared to average payday lender installment loan
Foundation Communities
$900,000 investment, in collaboration with the Shield-Ayres Foundation, to support the development of a 5-acre tract of land to be used for future construction of affordable housing units in North Austin.
Estimated 110 families to be served
Serves households at or below 60% median family income
At least 20% of units reserved for families coming out of homelessness
Loan expected to be leveraged at least 42 times through public and private funding sources
Habitat for Humanity – Austin
$1 million investment, in partnership with NI, to support the construction of affordable townhomes in East Austin. Project completed in 2021.
11 townhomes in Mueller serving families with children
73% of households are people of color
73% are single mother or female-led households
Serves households with an average median family income of 54.2% (~$50,000 for a family of four)
Grameen America
$250,000 investment in micro-loans and job training for entrepreneurial women to build
small businesses in Central Texas.
$48.2 MM in 17,838 loans disbursed in Austin area
5,465 jobs created (or maintained)
1,961 women served
99.8% repayment rate
PeopleFund
$250,000 investment in access to capital, education & resources to under-capitalized populations
to develop small businesses and launch the first cohort of the Central Texas BIPOC Accelerator Fund.
$5.3 MM in 146 loans in Central Texas (5-county region)
53% of loans to women-owned businesses; 18% to veteran-owned businesses
Individuals served were 48% white, 22% Hispanic, 16% African American, 3% Asian, 11% other)
1,054 hours of business training for 71 loan recipients
Texas State Affordable Housing Corporation
$250,000 investment for the construction of an apartment complex for people with and without disabilities, and
$250,000 investment in a predevelopment loan fund to target early-stage affordable housing projects; and a $250,000 revolving line of credit for short-term lending for affordable housing developments.
AHA! at Briarcliff – project completed in 2021
- 27 apartment units
- Serves individuals and families at or below 50% of the median family income
Pre-development loans
- $100,000 in financing for Chicon Phase II, a mixed-income, mixed-use development
- 49 units total, including 37 affordable units
- Carless development in East Austin
Revolving line of credit
- June West Apartments – an 80 unit project in North Austin for families from <30% to 80% MFI
- Plans for at least three new projects in 2022
LiftFund
$250,000 investment in micro-loans to small businesses impacted by COVID-19.
43 loans totaling $1.4MM in Central Texas
58.1% of borrowers are low to moderate-income earners
50% of borrowers are women or BIPOC
Capital Good Fund
$100,000 investment in emergency relief consumer loans to families and individuals impacted by COVID-19.
80% savings as compared to predatory lenders
53% of borrowers are women, 70% are BIPOC
81% of borrowers are less than 80% MFI