Austin Affordable Housing Corporation (AAHC) is a nonprofit subsidiary of the Housing Authority of the City of Austin (HACA) created in 2003 to ensure and preserve quality, affordable housing opportunities for low- to moderate-income families in Austin as well as provide financial literacy and homeownership opportunities.
Recent studies underscore that Austin is now the most expensive rental market in Texas. The Austin Affordable Housing Corporation ensures and preserves quality, affordable...Read More
In October 2003, AAHC had a unique opportunity to purchase Eastland Plaza, a shopping center located at 1144 Airport Blvd, Austin 78702. This center...Read More
Since its inception in 2004, AAHC’s Down Payment Assistance program has assisted 103 people with the purchase of their own home. The program is...Read More
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AAHC created a separate nonprofit 501(c)(3) in 2009 that serves as a community land trust for homeownership. The Equity CLT program is open to...Read More
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AAHC is well on its way to surpassing the “4040 by 2020” goal the organization set to increase its portfolio of affordable housing units from the current 2,740 to at least 4,040 in the next four years to meet Austin’s critical need and dwindling supply.
AAHC recently purchased 6.3 acres of undeveloped land in the thinkEAST Creative District to construct more than 180 units of affordable housing just north of Airport Road off Shady Lane in Austin. A public-private partnership comprised of AHCC, national affordable housing developer Atlantic Pacific Management, and local affordable housing developer Madhouse Development plans to construct nearly 200 affordable apartment units in central east Austin. One-hundred percent of the units will be affordable to families earning 60 percent of Austin’s median family income. In addition, construction is under way at several properties including the Reserve at Springdale, Harris Branch Senior, and Urban Oaks.
AAHC acquired its single-family house rental inventory between 2001-2012. In keeping with its mission, AAHC rents these houses at an affordable, below-market rent amount. Housing Choice Vouchers are accepted. These houses are spread throughout the city of Austin.
AAHC acquired multiple office buildings beginning in the year of its inception, 2003 through 2009. In keeping with its mission of affordability, AAHC rents the majority of its office space to local nonprofit partners.
Suzanne Schwertner, Residential Mortgage Loan Originator, NMLS #329226 for the Austin Affordable Housing Corporation, NLMS #329395
(512) 477-4488 ext. 2118 1124 S. IH-35 Austin, TX 78704
Customers wishing to file a complaint against a company or a residential mortgage loan originator should complete and send a complaint form to the Texas Department of Savings and Mortgage Lending, 2601 North Lamar, Suite 201, Austin, TX 78705. Complaint forms and instructions may be obtained from the department’s website at: www.SML.Texas.gov. A toll-free consumer hotline is available at: 1-(877)-276-5550.
The department maintains a recovery fund to make payments of certain actual out-of-pocket damages sustained by borrowers caused by acts of licensed residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with an investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at: www.SML.TEXAS.gov.