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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

 

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.

 

69% of residents earning at or below 80% of median family income (approx. $55,400 for an individual) 

1,170 units preserved – 20% increase compared to 2020

1,744 tenants served

72% 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 1,261 loans in Central Texas

$986 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 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 Logo

 

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

 

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 logo

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 logo

 

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 logo

 

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 logo

 

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