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.
Austin Community Foundation announced today a $250,000 investment in the Texas Housing Impact Fund—a loan fund of the Texas State Affordable Housing Corporation (TSAHC)—to help close a funding gap for the construction of an affordable, accessible apartment complex known as Accessible Housing Austin! (AHA!) at Briarcliff.