70% of residents earning at or below 80% of median family income (approx. $54,700 for an individual)
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
$400,000 line of credit for the social impact private equity fund to preserve affordable multi-family
rental housing for Austin’s workforce.
975 units preserved – 25% increase compared to 2019
~1,500 tenants served
68% 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 1,232 loans in Central Texas
$979 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 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 – 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
$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
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