72% of residents earning at or below 80% of the average median 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 2022 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.
1,740 units preserved – 48% increase compared to 2021
2,500 tenants served
75% tenant renewal rate
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 begins in 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
Grameen America
$250,000 investment in micro-loans and job training for entrepreneurial women to build
small businesses in Central Texas.
$67.1MM disbursed in 21,466 loans
5,887 jobs created (or maintained)
2,113 women served
99.8% repayment rate
PeopleFund
$250,000 impact investment in support of the Central Texas cohort of the BIPOC Small Business Accelerator. The program provides entrepreneurs who are Black, Indigenous, and people of color with the network, tools, and resources needed to grow their businesses.
11 loans with an outstanding balance of $626,312
73% of loans to women-owned businesses
9% to veteran-owned businesses
Individuals served were 45.5% Black, 36.4% Hispanic, 9.1% Asian, 9.1% (Native American, Pacific Islander, other)
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
Burnet Place
- 61-unit apartment complex for people living with HIV/AIDS developed by Project Transitions
- 40 units <30% AMI and 21 units <50% AMI
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 the pipeline
LiftFund
$250,000 investment in micro-loans to small businesses impacted by COVID-19.
14 loans totaling $728K in Central Texas
36% of borrowers are low to moderate-income earners
43% of borrowers are women and 50% are 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
81% of borrowers are women and 62.5% are BIPOC
88% of borrowers are less than 80% MFI
Cady Lofts
$2,875,000 loan to purchase land for a permanent supportive housing complex for citizens exiting homelessness. Expected to open in 2024.
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