Broadway Bank invests in AHC Fund

Broadway Bank announced a $4 million equity investment to the Austin Housing Conservancy Fund (AHC) to support affordable moderate-income rental housing in Central Texas. 

Formed in 2018 to address rising housing expenses, the AHC fund invests and preserves multifamily properties by maintaining their affordability to moderate and middle-income families. AHC serves educators, first responders, hospitality employees and other workers providing vital services. Affordable Central Texas (ACT) is the non-profit sponsor and investment manager of the Fund.