Mission Statement
Texas Housing Conservancy (TxHC) is a 501(c)(3) charitable nonprofit dedicated to ensuring Texans across the state have access to affordable housing by preserving well-located, multi-family apartment properties for long-term affordability. Building on the success of Affordable Central Texas (ACT) and the Austin Housing Conservancy Fund, Texas Housing Conservancy has expanded its mission beyond Central Texas to serve communities statewide.
Established in 2016, TxHC was founded by experienced real estate professionals and affordable housing advocates with a commitment to addressing Texas' housing affordability crisis. TxHC actively manages the activities and investments of the Fund and works to create scalable, sustainable social impact through preserving affordable housing for the state's workforce. Initially funded by its founding members and national foundations, TxHC continues to secure capital from charitable donations, endowments, and foundations to support its mission.
The team at TxHC brings over 25 years of experience in real estate investment, financial expertise, fundraising, and local market knowledge, having collectively managed more than $15 billion in capital market transactions. With deep roots in Texas and a legacy of leadership in organizations such as AIC Ventures, the Real Estate Council of Austin, and the Urban Land Institute, the team is uniquely equipped to lead the charge in preserving affordable housing for the long-term benefit of all Texans.
Locally, the team has more than a half-century of Austin experience, including leadership positions at AIC Ventures, the Real Estate Council of Austin, Koll, the LBJ Foundation, Rubloff, and the Urban Land Institute.
Board of Directors
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Marianne Dwight
SECRETARY, TxHC
Strategic Advisor
Integrada Business Strategies
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Frances Ferguson
Executive Director
Mueller Foundation
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Printice Gary
INVESTMENT COMMITTEE, TxHC
Partner/Principal & CEO
Carleton Residential
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Sharmila (Shar) Kassam
TREASURER, TxHC
Independant Trustee
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David Steinwedell
CHAIRMAN, TxHC
Texas Housing Conservancy
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Jennifer Wenzel
INVESTMENT COMMITTEE, TxHC
Investment Manager
Texas Retirement System
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Brian Strickland
AUDIT COMMITTEE, TxHC
Former CFO, Texas Housing Conservancy
Limited Partner Advisory Committee
The Texas Housing Conservancy Fund is counseled by a five-member LPAC tasked with overseeing the valuation process—including the selection of valuation firms—and approving annual net asset value.
Members
Kirk Rudy CEO &Managing Principal Endeavor Real Estate
Vicki Husband Chief Compliance Officer and Corporate Counsel Amherst Residential
Greg Clay President JMI Realty
Dan Ferreri Director Marbella Interests, LLC
Perry Lorenz Real Estate Developer
Katherine Groves PNC Bank
MONICA MEDINA
PRESIDENT & CEO
MEDINA@TxHC.ORG
As CEO and President, Monica is responsible for leading the growth of the organization while overseeing all aspects of operations and strategy. She plays a key role in expanding the organization’s nearly $500 million portfolio and advancing its mission to preserve affordable housing. With 20 years of banking experience, Monica has held senior leadership positions in Business Banking, Government and Institutional Banking, and Commercial Banking at institutions ranging from $5B to $1.8T in assets. Before stepping into her current role, she served as Senior Vice President and Commercial Banking Leader for Broadway Bank, where she grew the loan and deposit portfolio by 430% in less than two years. Monica has successfully developed national business strategies and managed several hundred-million-dollar portfolios. A dedicated servant leader, she has served on the Mission Capital Board, chaired the Board of H.A.N.D. (now part of Meals on Wheels), and is a Leadership Austin graduate. Her extensive business and community relationships, along with her financial acumen, uniquely equip her to fulfill the organization’s mission of preserving 5,000 units of affordable workforce housing over the next five years. Monica and her husband, Jose, met at Texas State University over 20 years ago. They have called Central Texas home ever since and are raising their four children in the area.
BEVERLY GRASS
VICE PRESIDENT OF FINANCE – REAL ESTATE
GRASS@TxHC.ORG
Beverly Grass adds 30 years of accounting experience to Affordable Central Texas. She held various accounting positions at the Teacher Retirement System of Texas (TRS) including investment fund accounting for Real Assets, Private Equity, Hedge Fund and External Public Market portfolios. In addition, she has been responsible for accounting work for several nonprofits. Beverly has earned her CPA, received the CFA Investment Foundation Certificate and the Claritas Investment Certificate in addition to a BS in Accounting from Liberty University graduating Cum Laude. She and her husband are long-time residents of Central Texas.
MISSY SAEZ
ASSET MANAGER – REAL ESTATE
SAEZ@TxHC.ORG
Missy Saez brings over a decade of comprehensive experience in the real estate industry, showcasing her expertise in asset management and property operations. For the past seven years, she held the position of Regional Asset Manager at LDG Development LLC, where she successfully oversaw diverse developments across the Southwest and Midwest regions. Missy's journey in the real estate sector began with a solid foundation in property management operations. With 15 years of hands-on experience in owner- and fee-managed properties, she has navigated various facets of the industry. Starting her career as a leasing agent, Missy's trajectory has included managing a wide spectrum of multi-family properties. Her portfolio spans conventional and affordable housing, lease-up and renovation projects, and diverse property styles such as garden, mid-rise, and more. She holds the National Apartment Association (NAA) designations of CAM (Certified Apartment Manager) and CAPS (Certified Apartment Portfolio Supervisor). Additionally, she is on the cusp of achieving her CPM (Certified Property Manager) designation from the Institute of Real Estate Management (IREM).
JON MENDOZA
ACQUISITIONS DIRECTOR – REAL ESTATE
MENDOZA@TxHC.ORG
Jon is a seasoned real estate investment management professional. With a strong background in multifamily acquisitions and portfolio management, Jon has consistently demonstrated an ability to drive significant growth and value. Jon holds an MBA with concentrations in Real Estate Finance and Private Equity from McCombs School of Business at UT Austin.
David Steinwedell
FOUNDER & BOARD CHAIRMAN
STEINWEDELL@TxHC.ORG
A 34-year veteran in real estate and investment and an 11-year Austinite, David Steinwedell applies the best practices of private equity and asset management to the city’s moderate- and middle-income affordability challenges. David has worked at fund advisers, REITs and real estate investment banks, and has led teams in acquisitions, asset management, and debt and property management. He has been involved in over $15 billion in financial transactions across several REITs and high-net-worth investment funds, and was the executive director of the Urban Land Institute-Austin for four years until transitioning full time to his current role as president and CEO of Affordable Central Texas. His experience across all property types and various investment vehicles provides the background to make flexible investments and create innovative transaction structures to address Austin’s rapidly changing marketplace. David is a graduate of Hamilton College and has served on the boards of NAREIM, ULI - Austin and Atlanta, and the Tritt Foundation. He and his wife, Patty, reside in Austin and have three grown children.
Affordable Central Texas would like to thank the following organizations for their charitable support of our mission.