Mobile Loaves & Fishes CEO Alan Graham thought he was getting out of the real estate business. He founded a nonprofit focused on bringing meals to homeless individuals in Austin, Texas.
Then, the former developer got the idea for Community First! Village—a master-planned neighborhood providing affordable, permanent housing and a supportive community for people transitioning out of chronic homelessness.
“Housing alone will never solve homelessness, but community will. Everything about this is a relational movement, not a transactional movement,” Graham said.
Mobile Loaves & Fishes’ community is growing. The 51-acre development in northeast Travis County, Texas, currently has 535 tiny homes. A planned expansion will bring it to 178 acres with 1,900 homes.
Housing is only one piece of Mobile Loaves & Fishes’ model. The development is designed for long-term residents, so it’s built to encourage connections among neighbors. It also offers residents opportunities to earn dignified income, often while working alongside community volunteers.
Features already developed include:
Access to a safe home is critical, said Blair Racine, who was homeless for four years before moving to Community First! Village in 2018.
“I could’ve been back on the street again, because there’s only so many days you can stay in a homeless shelter,” Racine said. "And who knows what could have happened to me. I'm so blessed to be here, because it saved my life. No doubt in my mind.”
But the sense of community and support from neighbors matters, too.
“That’s the most important thing. We’re not just being housed, we’re friends, we’re family,” Racine said.
Graham and his wife are part of that community, too. They live in the village, along with other volunteers.
“This is a little microcosm of the Garden of Eden,” Graham said.
535
Homes in Community First! Village today
1,900
Homes in Community First! Village once fully developed
$1.5 million
Income earned by Community First! Village residents through micro-enterprise programs in 2023
Financing a development like Community First! Village “requires a lot of creativity,” Graham said.
One piece of the puzzle: New Markets Tax Credit (NMTC) equity, which can fill gaps in a project’s financing. In Mobile Loaves & Fishes’ case, NMTC equity from JPMorgan Chase helped fund essential community facilities.
“Because Mobile Loaves & Fishes can use our subsidy to build the community facilities, they can use their capital to build more homes and provide housing to more individuals,” said Melissa Pillars, Executive Director of New Markets Tax Credit at JPMorgan Chase.
An initial $5 million NMTC equity investment from JPMorgan Chase funded Community First! Village’s second phase of development, including the Living Room community center, entrepreneurial hub and aquaponics facility. The investment also funded construction of seven community kitchens and laundry and bathroom facilities.
A second $4.6 million NMTC equity investment will help Mobile Loaves & Fishes build out 40,000 square feet needed for its expansion of corporate offices, a welcome center and a larger market serving the community’s residents.
Graham likes to call Community First! Village the “most talked-about neighborhood in Austin.” The community’s growth and impact has attracted international attention.
Mobile Loaves & Fishes has been a resource to organizations interested in learning from its model, and it has inspired similar projects in communities across the country, including Florida, Minnesota, California and Hawaii.
“We want to make sure Mobile Loaves & Fishes has the continued resources and support to address homelessness in the manner they’ve been doing—approaching the situation with dignity, with humanity—and see how we can make a broader impact across the country,” Pillars said.
Our designated NMTC team is here to help project sponsors throughout the development process, including assessing eligibility.
Additional video footage courtesy of:
Mobile Loaves & Fishes
The Southern Influence
Nathan Jennings
JPMorgan Chase Bank, N.A. Member FDIC. Visit jpmorgan.com/commercial-banking/legal-disclaimer for disclosures and disclaimers related to this content.