Foundation Grants
Community Vital Signs
About Us
Central Texas' Permanent Affordable Housing Solution: Austin Community Foundation ...
Foundation: Austin Community Foundation
"There is an urgent need for affordable housing throughout Central Texas, and the demand far exceeds the supply," Mike Nellis, CEO of the Austin Community Foundation, tells the Austin American-Statesman.
That's why the foundation has launched the Housing Accelerator, a $280 million fund that will provide short- and long-term financing to developers who want to build affordable housing in the region.
The loan fund, which will be open to both nonprofit and for-profit developers, has the potential to leverage $280 million toward the construction of 850 units in the first five years of operation.
"We envision a region where everybody has an opportunity to live in a safe and affordable home," Nellis tells the American-Statesman.
The foundation, which has raised more than $100 million of its $1 billion goal, says the fund will be around for at least 20 years.
"This capital will continue to recycle over and over and over again so developers can continue to access it in order to get their projects done," Nellis tells the American-Statesman.
The foundation has already invested $2.8 million in land for affordable housing projects, including the Cady Lofts permanent supportive housing development in Central Austin.
"It's all on transit lines, in the urban core, and [
Read the Entire Article
Selected Foundation News
A customized collection of news from foundations from around the Web.
"Time-trap thinking seems logical," writes Lori Carrell in the Los Angeles Times, "but it's short-sighted: Degrees mean real earning power and career growth, and many students do work during...more
"If the class register were anything to go by, education would be one of modern civilization's greatest success stories." That's what Peter Wilson, a member of the UBS Accelerate Collective, had...more
Foundation: Gates Foundation
Melinda French Gates is stepping down as co-chair of the Bill & Melinda Gates Foundation, which she founded with her ex-husband Bill Gates more than 20 years ago. As part of an agreement made...more
If you're in the market for a new car, the NADA Show in New Orleans in January is your best chance to see what's out there. Here's a look at some of the buzzy new offerings, courtesy of Jalopnik,...more
Ahmad Al-Mallahi is a professor of agricultural engineering and sensing technologies at Dalhousie University in Halifax, Canada, and he's spent the past five years developing technology that could...more
When Christa Hayes' kids shut down their public schools in 2020, the Montana math professor started hearing from parents seeking help for their children's schoolwork and wanting to find a way for...more
Kids who learn to play musical instruments are more likely to be successful later in life, according to a new survey out of Australia. The survey of 115 primary school teachers in South Australia...more
"We must constantly reinvent ourselves to align with the needs of the business community that supports us," Elva LeBlanc, chancellor of the Tarrant County College District in Fort Worth, Texas,...more
"What's so cool about manufacturing in Pennsylvania?" That's a question students across the state are asking after winning top honors in the "What's So Cool About Manufacturing" student video...more
"You never know what situation you may find yourself in, and VHA health care professionals know this all too well," reads a post on the Simulation Learning, Evaluation, Assessment, and Research...more
Social Entrepreneurship
Spotlight
Celebrity Chef Jamie Oliver Backs Social Saturday
UK will be celebrating its first national celebration of social enterprises dubbed as Social Saturday. World famous celebrity chef Jamie Oliver, who founded the Fifteen restaurant chain.