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The Fund

  

Our goal is to significantly impact the 48,000 unit supply gap of housing affordable to Austin’s working and creative class, while providing economic, environmental, social returns.


Structure

  • Private equity fund overseen by nonprofit board of directors, comprised of nationally-recognized leaders in real estate and affordable housing. 

Capabilities 

  • Purchase existing market affordable multifamily communities
  • Partner with pre-approved, high-quality, mission-driven operators
  • Lower operating costs by limiting turnover
  • Limit rent growth to Consumer Price Index ("bend the cost curve")

Intended Investment Profile

  • Purchase existing market affordable multifamily communities
  • Target housing serving 60%-120% Median Family Income
  • Geographically diverse, transit-rich, high opportunity areas
  • Portfolio average 80% Median Family Income (target)