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.
Foundation: Ameriprise Financial
Ameriprise Financial announced nearly $2 million in donations to over 85 nonprofits across the U.S. as part of its first round of 2025 grants, along with $1.58 million in matching gifts from...more
Sustainergy is a worker cooperatives based in Cincinnati, Ohio.The co-op was founded in 2013 by two first generation immigrants.It provides free energy assessments for over 5,000 Cincinnati...more
Foundation: Headwaters Foundation for Justice, MacArthur Foundation, Marguerite Casey Foundation, Marguerite Casey Foundation
This imbalance is all the more jarring given that Native communities are reeling from the Trump administration's draconian spending cuts.Funders with a track record of supporting Native American...more
Sphinx Works to Diversify the World of Classical Music as Funding Contracts.Sphinx has launched six successful classical ensembles, commissioned nearly 100 works by composers of color, and grown an...more
Foundation: Minneapolis Foundation
A federal judge has ordered the Trump administration to release $180 million in federal funding for environmental justice projects, including $60 million in the Pacific Northwest.The Environmental...more
Hollins said that this event was in line with one of the department's main missions: to elevate Virginia educators through the Elevate Virginia Educators initiative.The chamber presented 27 awards in...more
California must consider how to increase interest in teaching and lower the cost of and barriers to entering the profession.AB-1128, a bill under consideration in the legislature, proposes a...more
Encore Data Products is set to showcase its latest educational technology at the ISTE 2025 conference.The ISTE conference is known for bringing together educators and tech leaders to discuss the...more
Schools announces new leadership for 2025-26 school year.Dr. Lee Ziegler was announced as the new community superintendent of the North River Learning Community on June 23, 2025.Elaine Harper was...more
New research from MIT Sloan finds generative AI boosts employee creativity.But only for those who actively reflect on and adapt how they use it."To fully unlock their creative potential, employees...more
Social Entrepreneurship
Spotlight
When it Comes to Social Enterprises, Failure is the Best Platform for Innovation
In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.