This article originally written by Juice Consulting:

Impact Hub Austin partners with Google, Chase, Noble Capital, BuildFax, Portfoilo Resident Services and The Austin Board of REALTORS® to address Austin's affordable housing crisis with this inaugural social impact accelerator.

Impact Hub Austin is proud to announce its Affordable Housing Accelerator "inaugural cohort." The Affordable Housing Accelerator is a three-month program focusing on policy, innovation, and financing to keep Austin diversely weird and affordably engineered. The Accelerator will unite civic, tech and real estate industry curriculum and mentorship to fast-track a cohort of teams that will innovate solutions to this pressing social issue. 

This is Impact Hub's inaugural social impact accelerator, and they are hosting a happy hour-style mixer to give the public the opportunity to meet the first cohort, mingle with mentors and engage with the broader community of stakeholders that are invested in addressing Austin's affordability crisis. Light bites and beverages will be provided. The event will take place this Thursday, Oct. 5 from 4:30 to 6:30 p.m. at Impact Hub's Monroe Street location. Event details can be found here. Companies and team members for the first cohort include:
 

Affordable Central Texas 

David Steinwedell, CEO

Scott Bolding, CFO
 

All Abode

Ken Bodeman, Founder

Matt Heinemann, Strategic Partner
 

Alley Flat Initiative Anti-Displacement Financing Program

Marla Torrado, Program Lead
 

Developods

Monique Stevenson, President

Allan Stevenson, Chief Technology Officer

Sean McGilvray, Director of Manufacturing

Christopher Carrillo, Director of Sales & Marketing
 

Farm&City

Jay Blazek Crossley, Executive Director

Andrew Mayer, Geospatial Analyst
 

ICON 3D

Alex Le Roux, COO
 

Taurus of Texas & Sprout Tiny Homes

Jefre Outlaw, Executive Vice President, Sales, Sprout Tiny Homes

Alan Kirchhoff, Executive Vice President, Sprout Tiny Homes

Douglas H. Gilliland, President, Taurus of Texas
 

The Auditors

Amanda Masino, Associate Professor of Biology, Huston Tillotson University

Alexis Taylor, Global Shapers Vice Curator, Director of New Projects, 3 Day Startup

Leon Vanstone, Global Shaper, Science Communicator & Research Associate, UT Austin

Jessie Wang, Global Shaper, Strategy Analyst, Indeed.com
 

Triple Bottom Line Fund

Ravi Malhotra, President/Fund Manager

Marcia Cohen, CFO/Loan Officer

Scott Hays, Client Services Director

Ryan Kristoff, Grants Coordinator

Rachel Stone, Development Director
 

Impact Hub - N. Lamar Blvd. 

Impact Hub - N. Lamar Blvd. 

"Cities all over the world are trying to solve this issue," stated Ashley Phillips, the Managing Director of Impact Hub Austin.  "Our goal is to create affordability in an unaffordable place and be the city that gets it right! I believe we can do that. I believe Austin can do that. This cohort of teams has such immense potential for impact, and it only grows with your support. Let's make it happen."

Impact Hub Austin created the Affordable Housing Accelerator to leverage Austin's vast entrepreneurial and creative talent in the service our most pressing social issue.  According to the Austin Board of REALTORS, over the last 6 years (2010-2016), Austin median family home price has increased 45.25 percent while median family income has only increased 5.42 percent.

"The stakes could not be clearer: If we do nothing, Austin will become like San Francisco, a wonderful, if incredibly expensive city, with a median home price over $1 million where only the wealthy and the subsidized can afford to live," says Mayor Steve Adler. "We lose [and are already losing] our middle class to suburban sprawl, making traffic even worse and losing the spirit and soul of our city."

"With the current rewrite of the land development code (CodeNEXT), the brand new City of Austin strategic housing blueprint, and the recent mayoral report and recommendations on addressing Austin's systemic racism and inequity, this is an unprecedented moment to leverage focus, knowledge and public will to make a significant impact on the affordability crisis," stated Phillips

Impact Hub - W. Monroe St. 

Impact Hub - W. Monroe St. 

The AHA will culminate in a "Community Demonstration Day" on Jan. 24, 2018, where participants will present their solutions to a room full of investors, subject matter experts, entrepreneurs and leaders from government, nonprofit and business sectors. Participants benefit from Impact Hub's strong network of organizations and experts working in Austin's housing sector, as well as one-on-one intensive coaching, a peer cohort model and expertly developed sessions created to produce sustainable solutions to Austin's affordable housing issue.
 

"With a growing presence in Austin, Google is committed to helping solve our community's biggest challenges," says Gerardo Interiano, Head of External Affairs for the Southwest U.S. at Google. "Whether it's access to STEM education or helping find innovative solutions to transportation and affordable housing concerns, Austin Googlers want to be a part of the solution. We are excited to support the Affordable Housing Accelerator as a sponsor and look forward to seeing our community move forward."

About Impact Hub Austin
Impact Hub Austin offers a powerful combination of mission, community and space to support game-changing ideas for social impact. At once an inspiring coworking space, incubator and community hub, Impact Hub Austin connects local entrepreneurs and creatives to a global movement for good. To learn more about the Affordable Housing Accelerator (AHA) or Impact Hub Austin, visit www.impacthubaustin.com.

MEDIA NOTE:

For press inquiries about Impact Hub Austin or interview requests, please contact Juice Consulting:

Heather Wagner Reed                    Madison Snelling
713 208 3891                                    210 213 8934
heather@juiceconsulting.com           madison@juiceconsulting.com