Problems and Solutions

Texas is a special place because of its people.

From musicians and artists to teachers, nurses, and first responders, the unique communities across Texas are what make our state thrive. These individuals are more than essential workers—they are essential Texans. But with the rising cost of living, many are being priced out of the neighborhoods they help sustain, threatening the vibrant culture that defines our cities.

Texas faces a growing affordability crisis.
The Texas Housing Conservancy has a statewide solution.


As a private, market-based impact fund, the Texas Housing Conservancy addresses the challenge of rising rents pushing out our workforce—and it’s making a difference across Texas.

Our solution is simple, efficient, and socially conscious.

  • Open-ended social impact private equity fund

  • Raised, funded, deployed in Central Texas

  • Low risk, low volatility returns

  • First-ever open-ended fund to preserve moderate-to middle-income housing

  • Fast, agile, and flexible

  • Wraparound services for residents

  • Proven concept ready to scale

  • Institutional quality investment vehicle

Track Record

We've Proven the Concept. We're Ready to Scale.

The Conservancy has successfully purchased multiple apartment communities in Austin, delivering strong investor returns while ensuring housing remains accessible for moderate- and middle-income essential workers. With this proven success, we are now ready to expand our mission to other metropolitan areas across Texas, broadening our impact and continuing to provide affordable housing solutions statewide.

This is an opportunity to maintain our unique culture, foster economic growth, and earn a return. With our success in Austin, we are poised to expand statewide, offering investors the chance to make a difference and earn a profit. It’s social impact investing at its best—delivering both returns and meaningful impact across Texas.

The Research

Return Model

An Innovative Fund that Delivers Returns & Makes an Impact

To date, the Texas Housing Conservancy (formerly Affordable Central Texas) has leveraged $35 million to preserve fourteen multifamily properties totaling over $410 million in value, providing approximately 2,150 units to over 4,000 residents. Since its inception in 2018, the fund has delivered over 9.7% returns to investors while ensuring stable housing with better health, economic, transit, and job outcomes for Austin’s workforce.

With a proven track record of success in Austin, we are now setting our sights on other metropolitan areas across Texas. The Conservancy has purchased multiple apartment communities that are driving investor returns while keeping housing accessible for moderate- and middle-income essential workers.

Impact fund features

  • Passive Cash Flow

  • Accelerated depreciation and tax benefits

  • Low volatility

  • Low principal risk

  • A hedge against inflation

  • Portfolio diversification

  • Investment in a tangible hard asset without management liability

  • A positive impact on the Texas Community

As an investment vehicle, Moderate Income Rental Housing (MIRH) delivers consistent, predictable returns, demand for affordable rental housing is surging, and interest in Impact-focused investments is growing. MIRH compares favorably in terms of its return and has a lower variation in total returns from year to year (risk) since 2011 as compared to other common asset classes.

Founding Investors

  • AMHERST RESIDENTIAL, LLC

  • SANDRA & JOE ARAGONA

  • AUSTIN COMMUNITY FOUNDATION

  • CORRINNE & STEVE BOWERS

  • SUZANNE BRYANT & SARAH

  • GOODFRIEND

  • SEAN BUKOWSKI

  • JANE & PHIL CAPRON

  • CARDEN FAMILY TRUST

  • CARLY & CLAYTON CHRISTOPHER

  • MARTHA & GREG CLAY

  • EDIE & COTTER CUNNINGHAM

  • LORRIE & KEN DEANGELIS

  • CHRIS DISCHINGER

  • CAROL & SANDY DOCHEN

  • ENDEAVOR GROUP AFFORDABLE

  • ROBERT EPSTEIN

  • SUSAN & GARY FARMER

  • JOLYNN H. FREE

  • BJ FRIEDMAN

  • FROST BANK

  • DORIA & JAY HANNA

  • HARMAN-MAYES-SOOCH FAMILY FUND

  • CRAIG & MOLLY HUGHES

  • LUCI BAINES JOHNSON & IAN TURPIN

  • JEANNE & MICKEY KLEIN

  • PERRY LORENZ

  • CARLA & JACK MCDONALD

  • BRAD MCKENZIE & MARK MCKENZIE

  • ANNE & JOHN MCKINNERNEY

  • MICHAEL AND SUSAN DELL FOUNDATION

  • YOLANDA & MIKE PATINO

  • PRESIDIUM GROUP, LLC

  • DAPHNE & STEVE PYHRR

  • HAMILTON RIAL

  • WALTER ROBB

  • ANNE & RICH SMALLING

  • DAVE STAUCH

  • KAREN SWENSON & KEN CAUTHERN

  • TEXAS CAPITAL BANK

  • LIZ & KIRK WATSON

  • JESSICA & GREG WEAVER

  • DIANA WEIHS & JIM TAI

  • GAIL WHITFIELD

  • LESLIE & DAVID WOLFF

  • WOODFOREST NATIONAL BANK

  • JODI & FRED ZIPP

Opportunity to Invest

Protect Reasonable Cost-of-Living for Texans.
40% of Texas families are considered moderate- or middle-income — they are the backbone of our state.
But the rising cost of living is pushing these workers out of the communities they serve. Join us and invest in your community, your neighborhood, and your employees.

Invest in Texas’ people. Invest in Texas’ future.