Austin Housing Conservancy Fund to Expand Property Portfolio in 2019 to Preserve Housing Affordability for Austinites
Retrieved on:
Wednesday, January 16, 2019
The Austin Housing Conservancy Fund, a local open-ended private equity investment fund that preserves affordable multifamily rental housing for moderate- and middle-income Austinites, announced today its future growth strategy amid broadening nationwide interest in social impact investments.
Key Points:
- The Austin Housing Conservancy Fund, a local open-ended private equity investment fund that preserves affordable multifamily rental housing for moderate- and middle-income Austinites, announced today its future growth strategy amid broadening nationwide interest in social impact investments.
- The Fund aims to expand its geographic presence in Austin through the purchases of four additional properties in 2019, enabling the Fund to preserve about 2,000 multifamily housing units for roughly 2,500 moderate- and middle-income Austin professionals.
- The Austin Housing Conservancy Fund is an open-ended social impact private equity fund.
- Affordable Central Texas, a 501(c)(3) nonprofit, is the sponsor and investment manager of the Austin Housing Conservancy Fund.