Service Area: Texas (statewide)
Target Buyer: At or Below 80% of Area Median Income
Contact: Ramon Valeriano, VP of Client Services
Affordability Model: Shared Appreciation Loan
Resale Formula: Fixed-rate
Mission: To create and preserve affordable homeownership opportunities for low-income communities in Central Texas using shared equity models.
Backstory: HomeBase has been affiliated with Austin Habitat for Humanity since 2011. Together the organizations work to track and analyze outcomes on an ongoing basis to improve efficiency and increase the number of clients served. HomeBase manages a portfolio of over 200 homes worth over $12.5 million for the Mueller Foundation’s Mueller Redevelopment project.
Plans: HomeBase is in the process of developing a subdivision of 100 new units in partnership with a local developer.
For more information about HomeBase and the other CHIP grantees work, check out our Peer Learning Report.
Affordable Housing has a New Home