{"id":1704909,"date":"2022-10-20T21:47:57","date_gmt":"2022-10-21T01:47:57","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1704909"},"modified":"2022-10-20T21:48:13","modified_gmt":"2022-10-21T01:48:13","slug":"austin-to-establish-65-million-affordable-housing-community","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/austin-to-establish-65-million-affordable-housing-community\/","title":{"rendered":"Austin To Establish $65 Million Affordable Housing Community"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Faustin-to-establish-65-million-affordable-housing-community%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1704909&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><a href=\"https:\/\/www.dailywire.com\/topic\/texas\" target=\"_blank\" rel=\"noopener\">Texas<\/a>\u2019 capital city will soon have a new $65 million affordable housing community spanning over 30 acres, established through taxpayer and corporate funding.<\/p>\n<p>Business Investment Growth Austin (BiGAUSTIN), a nonprofit <a href=\"https:\/\/www.bigaustin.org\/aspire\" target=\"_blank\" rel=\"noopener\">backed<\/a> by local, state, and federal funds broke ground on Thursday for its affordable housing community, called ASPIRE. In a press release, BiGAUSTIN CEO Stacy Rhone said that the development aligns with the community and social impact goals of their organization and their partner organizations.<\/p>\n<p>\u201cAs we expand our offerings in northeast Austin and throughout Travis County, our team will continue to pursue meaningful opportunities to support entrepreneurs and job seekers in those areas with the fewest resources and housing options,\u201d stated Rhone.<\/p>\n<p>BiGAUSTIN described the affordable housing community as \u201cracial economic justice!\u201d in the description of an accompanying YouTube video. The initial layout of the project plan online notes that the community will be diversified, multi-use, and mixed-income development for low-income and minority individuals.<\/p>\n<p><span data-mce-type=\"bookmark\" class=\"mce_SELRES_start\">\ufeff<\/p>\n<p>Over the years, Rhone has continuously <a href=\"https:\/\/www.linkedin.com\/posts\/stacyrhone_hiring-a-chief-diversity-officer-wont-fix-activity-6628650315900088320-cWzl?utm_source=share&#038;utm_medium=member_desktop\" target=\"_blank\" rel=\"noopener\">argued<\/a> for the existence of \u201cwhite privilege\u201d and the implementation of equity-based initiatives. Prior to joining BiGAUSTIN in 2009, Rhone was the vice president of diversity and recruitment for the National Women\u2019s Political Caucus, an organization that recruits and assists progressive, pro-abortion female political candidates.<\/p>\n<p>As part of the affordable housing community plan, BiGAUSTIN will get a new, 20,000 square-foot headquarters within the community. In all, ASPIRE will have 400 housing units. BiGAUSTIN partnered with Bank of America in August to develop the community.<\/p>\n<p>BiGAUSTIN\u2019s list of 37 partners boasts some of the biggest names in banking and finance, Big Tech, law firms, and big box stores. These include Capital One, Cadence Bank (formerly BancorpSouth), Comerica Bank, PayPal, Regions Financial, Woodforest National Bank, Google, HP, eBay, Yahoo!, DLA Piper, Baker Botts, Walmart, and HEB.<\/p>\n<p>Government partners include the city of Austin\u2019s Economic Development Department, the Treasury Department\u2019s Community Development Financial Institution (CDFI) Fund, and the State Department.<\/p>\n<p>Of note, BiGAUSTIN has two partners based out of Uzbekistan: the Uzbekistan Business Leaders and the U.S. Embassy in Tashkent, Uzbekistan. No Uzbek cities are <a href=\"https:\/\/www.austintexas.gov\/department\/sister-and-friendship-cities-program\" target=\"_blank\" rel=\"noopener\">named<\/a> among Austin\u2019s 14 sister cities and three friendship cities.<\/p>\n<p>BiGAUSTIN launched in 1992 through Austin city government funding, later becoming an independent nonprofit in 1995. According to its website, BiGAUSTIN <a href=\"https:\/\/www.bigaustin.org\/history\" target=\"_blank\" rel=\"noopener\">receives<\/a> funding currently from the state of Texas, Travis County (whose county seat is Austin), private equity firms, local and national banks, and the federal government.<\/p>\n<p>The nonprofit\u2019s 2019 to 2021 tax filings (filed under \u201cBusiness Invest in Growth\u201d) aren\u2019t available through the IRS, though ProPublica, a nonprofit news and research organization, has a <a href=\"https:\/\/projects.propublica.org\/nonprofits\/organizations\/742764780\" target=\"_blank\" rel=\"noopener\">summary<\/a> of their 2020 filing, but not their 2019 or 2021 filings. According to ProPublica, the IRS hasn\u2019t released the source documents for BiGAUSTIN\u2019s 2020 filing.<\/p>\n<p>According to BiGAUSTIN, it assists an average of 2,800 small and minority-owned businesses a year and estimates that its efforts contribute over $35 million to the local economy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Texas\u2019 capital city will soon have a new $65 million affordable housing community spanning over 30 acres, established through taxpayer and corporate funding. Business Investment Growth Austin (BiGAUSTIN), a nonprofit backed by local, state, and federal funds broke ground on Thursday for its affordable housing community, called ASPIRE. In a press release, BiGAUSTIN CEO Stacy &#8230;<\/p>\n","protected":false},"author":1,"featured_media":1704912,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[],"class_list":["post-1704909","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1704909","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1704909"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1704909\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1704912"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1704909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1704909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1704909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}