The Texas Housing Conservancy is a unique and innovative solution to address Texas' housing crisis through a collaboration between investors, nonprofit, and community partners. Its mission is to ensure the people who make Texas great can continue to call it home by preserving middle-income housing units for Texans in the workforce.

Texas is experiencing a significant challenge in maintaining affordable housing, with a substantial portion of its rental housing stock built in the 1970s and 1980s, making it particularly susceptible to redevelopment. Over the last decade, Texas has lost hundreds of thousands of low-cost rental units due to renovations and rising rents, exacerbating the state’s affordable housing shortage. This is especially evident in major metro areas like Dallas, Houston, and Austin. Despite these trends, there is still an opportunity to make a meaningful impact on housing affordability across the state. However, if action is not taken now, Texas risks losing the diversity and vibrancy that are integral to its communities​

The lack of affordable housing in Texas has had profound consequences for residents across the state, particularly in its major cities. In urban areas like Austin, Dallas, Houston, and San Antonio, soaring housing costs have resulted in nearly 2.1 million renter households being "cost-burdened," meaning they spend more than 30% of their income on rent and utilities. Of those, over a million are "severely" cost-burdened, allocating more than half their income to housing costs​(The Texas Tribune).

This affordability crisis has driven a sharp increase in homelessness, with more than 27,000 Texans experiencing homelessness in 2023. The situation is exacerbated by the loss of low-cost rental units—hundreds of thousands over the last decade—due to redevelopment and rising rents. This has left many low-income residents struggling to find housing, forcing some to live in precarious conditions or face homelessness​ (Texas Housers)​ (The Texas Tribune).

If this trend continues, Texas risks losing the diverse and vibrant communities that have long defined its cities. Addressing this issue now is crucial to preserving the social fabric and economic health of the state.

The Texas Housing Conservancy is addressing the state's housing affordability crisis by preserving existing affordable housing stock before it's too late. The Texas Housing Conservancy (TxHC) will focus on residents earning between 60-100 percent of the median income in Texas, which varies by region but typically ranges from about $42,000 to $70,000 for an individual​ (The Texas Tribune). The TxHC plans to purchase existing market-affordable multifamily properties in diverse, transit-accessible areas across Texas. By securing private investment and offering a stable, low-risk financial return, the Texas Housing Conservancy aims to slow the loss of middle-income housing, ensuring that vital workers like teachers, baristas, musicians, and bus drivers can continue to live in the communities they serve​ (Texas Housers) (The Texas Tribune).