Monica Medina is taking on a notable goal in Texas: keeping the state affordable for the middle class.

In 2015, Austin, Texas’ mayor at the time, Steve Adler, brought together business leaders, real estate professionals, and housing experts to take on the crisis in affordable rental housing and the risks it posed to the city’s workforce stability and economic sustainability.

Texas Housing Conservancy (TxHC), a nonprofit dedicated to preserving affordable housing for Texas’ workforce, has been honored as the 2025 Charity Partner of the Year by the Texas Alternative Investment Association (TAIA). This prestigious recognition celebrates TxHC’s outstanding contributions to community welfare and its innovative approach to long-term housing affordability.

A partnership between Austin Housing Finance Corporation, Texas Housing Conservancy and Civicap Partners is preserving hundreds of affordable units near The Domain.

The partnership's acquisition of apartment complex Twelve100 will keep affordable housing options available for "generations to come" by providing eligible residents with decreased monthly rents, said TXHC President and CEO Monica Medina.

Texas Housing Conservancy (TxHC) is thrilled to announce the acquisition of Twelve100, a premier multi-family property located in The Domain, Austin’s vibrant mixed-use neighborhood

AUSTIN, TX – The Austin Housing Finance Corporation (AHFC) announces the acquisition of Twelve100, a multifamily property near the Domain and along the Northern Walnut Creek Trail. Located at 12100 Metric Boulevard, this strategic acquisition preserves and enhances affordability near major job and entertainment centers.   

“Twelve100 marks our largest acquisition yet and a huge win for affordability in North Austin,” explains Mandy DeMayo, Interim Director for the Housing Department and Treasurer of AHFC. “We are grateful to our partners who make such affordability wins possible.”

AHFC partnered with the Texas Housing Conservancy and Civicap Partners for the acquisition, which supports long-term affordability as well as provide programs to build community and improve resident outcomes. With a large multifamily property in the AHFC portfolio, the City of Austin can ensure access to affordable rent for the area for years to come.  

The Texas Housing Conservancy has closed two new deals for multifamily workforce housing properties, including a Dallas-area acquisition that marks its first step in expanding outside the Austin area.

The nonprofit, which was founded five years ago as Affordable Central Texas and is dedicated to preserving affordable housing for middle-income renters, has completed the purchase as a partner in a 389-unit development just north of the Domain in Austin and a 289-unit property in Uptown Dallas, an area rapidly losing affordability.

An overwhelming majority of Texans say the state has a housing affordability crisis, according to a poll released Thursday — the latest sign of the growing pressure Texas’ high housing costs have put on homeowners and renters.

While the pipeline for multifamily housing projects has slowed severely since the end of 2023 in Austin, a local developer has announced something of a rarity: a new 110-unit project aimed primarily at workforce and middle-income residents.

The Austin Housing Conservancy has received one of the most esteemed national and international honors in the field of real estate and land development: the Urban Land Institute Americas Award for Excellence.

David H. Steinwedell is a 35+ year veteran of the commercial real estate industry and has worked in a variety of disciplines including public and private investment management, acquisitions, debt, capital markets, investment banking and asset management.

In the session “Financing Tools to Make Affordable Deals Pencil” at the 2024 ULI Housing Opportunity Conference, panelists shared a variety of tools and strategies designed to support the production of more affordable housing.