Capital Studios will be the first new affordable housing development in downtown Austin. Located near 9th and San Jacinto Streets, Capital Studios will offer housing to persons exiting homelessness and low-income working individuals. It is hoped that the location will provide easy access to employment for persons who work downtown.
| Development: | Capital Studios Part I and Part II |
| Award Recipient | Foundation Communities |
| Development Profile: | 135 unit SRO in Downtown Austin |
| Total Housing Units: | 135 |
| Investment Impact: | 135 rental units |
| Affordability: | 99 years |
| Location: | 309 East 11th Street |
| Source of Funds: | General Obligation Bonds |
| Amount Awarded: | $2,000,000 (General Obligation Bonds); $360,000 (CDBG Funds) |
| Date Approved by AHFC Board | August 2, 2012 |
| Project Status: | Completed |