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Banking veteran to help lead Austin Housing Conservancy

By   –  Staff Writer, Austin Business Journal
Longtime Austin banking professional Monica Medina is joining the Austin Housing Conservancy, a local real estate investment fund aimed at keeping the city affordable for the middle class, as president of the nonprofit that oversees the fund. After 20 years working in commercial banking, Medina will step into her new role on Monday, April 17. She will work alongside CEO David Steinwedell to grow nonprofit parent Affordable Central Texas.

The social entrepreneurship initiative, supported by a group of local investors including Austin Mayor Kirk Watson and Heritage Title Company President Gary Farmer, aims to provide stable and reasonably priced multifamily housing for Austin’s “missing middle” — Austinites who work in essential roles such as educators, nurses, and rescue personnel that struggle to find housing they can afford in the communities they serve.