Topic: FundATX
Foundation Communities recently broke ground on an affordable housing development in North Austin. Learn how a collaborative $900,000 impact investment helped make it happen.
Affordable housing can take many forms, and a myriad of financing sources is necessary to create the spectrum of housing options needed in our community.
Austin Community Foundation, in partnership with the Michael & Susan Dell Foundation, made two impact investments in local and national Community Development Financial Institutions.
Austin Community Foundation announced today a $1 million impact investment in the form of a low-interest rate loan to Austin Habitat for Humanity’s East Austin affordable housing development. The 11 row homes currently under construction in the Mueller neighborhood will serve individuals and families earning less than 80% median family income, or $75,500 (and below) for a family of four.
Austin Community Foundation announced today a $250,000 investment in the Austin Housing Conservancy Fund — a social impact private equity fund managed by Affordable Central Texas — to preserve affordable multifamily rental housing for moderate- and middle-income Austinites.