68% of residents earning at or below 80% of the average median income (approx. $65,450 for an individual)
Austin Community Foundation has $3 million in investment assets to support local projects that help close the opportunity gap in Central Texas.
Review the 2023 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.
2,150 units preserved – 24% increase compared to 2022
3,500 residents served
64% tenant renewal rate (compared to the Austin average of 56%)
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 affordable housing units in North Austin. Construction began in late 2023.
Estimated 110 families to be served
Serves households at or below 60% average median income (AMI)
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
$3 million investment, in partnership with other corporate and philanthropic funders, to support the construction of 156 affordable homes in three locations across Austin.
30 units specifically for Austin ISD employees and families
Serving households with an AMI of up to 80%
Partnership with UFCU to provide mortgage loans
Largest project in Austin Habitat for Humanity history
PeopleFund
$250,000 impact investment in support of the Central Texas cohort of the BIPOC Small Business Accelerator. The program provides low and moderate entrepreneurs in Texas with the network, tools, and resources needed to grow their businesses.
13 loans originated totaling $778,150
85% of loans to women-owned businesses
15% to veteran-owned businesses
Individuals served were 54% Black, 38% Hispanic, and 8% Asian; 77% of the borrowers are of low-to-moderate income.
Texas State Affordable Housing Corporation
$250,000 revolving line of credit for short-term lending for affordable housing developments.
Roosevelt Gardens
- 40-unit apartment complex for people living with HIV/AIDS developed by Project Transitions
- 14 units <30% AMI and 26 units <50% AMI
- Construction completed Fall 2022
Burnet Place
- 61-unit apartment complex for people living with HIV/AIDS developed by Project Transitions
- 34 units <30% AMI and 27 units <50% AMI
- Anticipated completion date: Summer 2024
June West
- 80-unit apartment complex for families in North Austin
- 10 units <30% AMI, 32 units <50% AMI, and 6 units <80% AMI
- Anticipated completion date: Summer 2024
LiftFund
$250,000 investment in micro-loans to small businesses impacted by COVID-19.
13 loans totaling $584K in Central Texas
31% of borrowers are low-to-moderate income earners
70% of borrowers are women and 39% are BIPOC
Cady Lofts
$2,875,000 loan to purchase land for a permanent supportive housing complex for citizens exiting homelessness. Construction began in late 2023.
100 units in a transit-oriented neighborhood in central Austin
Will serve chronically homeless individuals or those who have been homeless for more than a year
On-site services will be provided, such as mental health, medical services, and substance abuse care