Topic: Housing Affordability
Austin Community Foundation Raises $4 million in Financing for Austin Habitat for Humanity
Austin Community Foundation announced a $4 million impact investment in the form of a low-interest rate loan to Austin Habitat for Humanity to help accelerate the construction of 150 single-family homes at three sites. The sources of funding for the loan include a combination of grants and impact investments from Austin Community Foundation, Tito’s Handmade Vodka, St. David’s Foundation, Bill Wood Foundation, Shield-Ayres Foundation, the Aragona family, and a group of donor-advised fundholders at the community foundation.