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.

Capital Studios

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