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Austin Community Foundation has $2.8 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.

Austin Housing Conservancy

 

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.

 

70% of residents earning at or below 80% of median family income (approx. $54,700 for an individual) 

975 units preserved – 25% increase compared to 2019

~1,500 tenants served

68% tenant renewal rate

 

Community Loan Center Of Austin

 

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 1,232 loans in Central Texas

$979 average loan size

756 participants in financial education classes

93savings 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 100 families to be served  

Serves households at or below 60% median family income 

At least 10% of units reserved for families coming out of homelessness

Loan expected to be leveraged at least 22 times through public and private funding sources

 

Habitat for Humanity Logo

 

Habitat for Humanity – Austin

$1 million investment, in partnership with NI, to support the construction of affordable townhomes in East Austin.

 

11 townhomes in Mueller 

80% of households are led by a single mother

Serves households at or below 80% median family income (> $75,500 for a family of four)

Average sale price $175,000

 

Grameen America

 

Grameen America

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

 

$34.6 MM in 14,564 loans disbursed in Austin area 

4,449 jobs created (or maintained)

3,957 women served 

99.7% repayment rate 

 

PeopleFund

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

 

$5.8 MM in 160 loans in Central Texas (5-county region) 

53% of loans to women-owned businesses; 18% to veteran-owned businesses 

1,601 individuals served (53% white, 21% Hispanic, 15% African American, 7% Asian, 6% other) 

 6,626 hours of business training  

 

tsahc TEXAS

 

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.

 

AHA! at Briarcliff
  • 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
 

FundATX 2020 Impact Report

Download Report