Michael and Susan Dell Foundation Commits $38M for Homeless Initiatives

The Michael and Susan Dell Foundation recently committed $38 million toward addressing homelessness in Austin, which builds on the foundation’s longtime engagement in Central Texas. Of the commitment, $36.6 million will be allocated to Multiplying Goodness, a capital campaign for Mobile Loaves & Fishes’ Community First! Village development which will fund an additional 1,400 homes for Central Texans coming out of homelessness.

The foundation is inviting the community to match the funds to help Mobile Loaves & Fishes reach its $150 million goal. In addition, $1 million of matching funds will go to Foundation Communities for the construction of 100 units on the Burleson property at Community First! Village and $400,000 will go to LifeWorks to provide permanent housing for youth exiting homelessness, which aligns with the housing goals of both Mobile Loaves & Fishes and Foundation Communities.

“As Austin grows, it’s more important than ever that we care for those most vulnerable in our communities,” said Susan Dell, co-founder and board chair of the Michael and Susan Dell Foundation. “By coming together as a community, we can provide those experiencing homelessness in Central Texas with the dignity they deserve through stable housing and the opportunity to experience community again.