Foundation Communities has a robust set of “green building” goals including Living Building Challenge, LEED for Homes Platinum, Austin Energy-5 star, and Enterprise Green Communities. Foundation Communities is proposing a four-story project called Capitol Terrace at 11th and Trinity streets that will include 135 efficiency apartments. The units will be rented for $400 to $650 a month, utilities included, to single adults making under $27,000/year— roughly half of Austin's median income .
Ten of the Capitol Terrace apartments will be reserved for musicians and artists, Moreau said. About two dozen will be set aside for people with especially low incomes who have been receiving housing and social service help from groups like Caritas of Austin and Austin Resource Center for the Homeless , the city's shelter. Features will include affordable efficiency apartments built to high LEED for Homes Mid-Rise green standards and geared towards people who work in the downtown service industry, units reserved for musicians and residents using supportive housing services, and walk-up retail space on the street with a bikeshare kiosk.
If all goes well, Foundation Communities hopes to break ground in early 2013 and open in early 2014.