Affordable Central Texas announces board changes ahead of expansion

Affordable Central Texas, which manages the Austin Housing Conservancy middle-income housing group, has announced changes to its board. Former Chair Steve LeBlanc has retired from the board, with CEO David Steinwedell taking over the chair position. Shar Kassam, who has previously served as an investment officer for Employees Retirement System of Texas, has joined the board and will serve on the audit committee. A spokesperson for the group said the board changes will help with its expansion into Dallas, Houston and San Antonio. To date, the conservancy has deployed $41 million to acquire 14 properties with a value of more than $400 million and 2,150 units, with a capacity to serve more than 4,000 residents. It expects to have more than 10,000 units by 2030.