Downtown Austin: $20M Capital Studios affordable housing

AUSTIN – Capital Studios, Austin’s first affordable housing project in 45 years, is under construction at 11th St. and Trinity St. and is set to open in October 2014.

Capital Studios is a $20 million public/private partnership, according to KEYE-TV.

Rents will range from $400 to $650 per month, including utilities. The new community will include 135 efficiency apartments for single adults, and 25 percent of the units will be reserved for homeless individuals.

Residents will also have access to onsite social services, such as adult education classes, computer labs, and case management and counseling services.

Additional features include 24-hour monitored access to the property; a private community space for residents that includes a computer lab, TV lounge and fitness area; street level retail space and a publicly accessible bike-share kiosk.

Capital Studios is being built to meet LEED Platinum standards and is located close to public transportation.

The project is a key part of fulfilling the Downtown Austin Plan, the city’s blueprint for area development that calls for more affordable housing and permanent supportive housing.

Read more at the Wall Street Journal.