Austin is in the midst of an affordability crisis that is affecting its core workforce such as educators, first responders, hospitality employees and more middle-income individuals vital to the city’s livability.
Unless immediate action is taken to preserve affordable housing for middle-income families, Austin will suffer the same fate as San Francisco, Seattle, Boston and other major cities with unlivable rent and cost-of-living expenses. Core employees will be priced out of the city. Your children’s schools lose more teachers, your local ER loses more nurses and your company loses more employees.
Preschool teacher: $55,134
Secondary school: $57,388
Nurse (LPN): $45,316
Dental assistant: $34,916
Police officer: $52,344
Fire fighter: $44,164
Admin assistant: $44,627
Office clerk: $35,514
The Conservancy is the best, most agile solution to stabilize housing expenses for teachers, first responders, maintenance professionals, medical technicians, their families and others at risk of being priced out of Austin.
The fund invests and preserves rapidly disappearing multifamily properties currently affordable to moderate and middle-income individuals and families by maintaining affordable rental rates that increase proportionally with wage growth.
An open-ended social impact private equity fund.
The ﬁrst fund to invest directly in middle-income housing.
A direct investment in Austinites who don’t have assistance programs available to low-income residents.
A ﬂexible, discretionary, risk-adjusted investment strategy that preserves multifamily rental housing for moderate- to middle-income Austin employees and their families.
Preserve affordable housing for Austin’s workforce
Earn steady, risk-adjusted returns in the high single-digits
Limit environmental impact of new construction and keep employees close to their workplaces