Bluebonnet Studios
2301 S Lamar Blvd, Austin, Texas 78704
Contact Bluebonnet Studios
Bluebonnet Studios is managed by Foundation Communities.
Bluebonnet Studios, a vibrant and modern residence, is located in the trendy South Lamar neighborhood. The community includes 107 efficiency studio apartments close to public transportation and with easy access to retail and entertainment.
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Studio (Studio/1) | 386 | From $490 To $1,378 |
Waiting List is Open Now
The waitlist for Bluebonnet Studios will open May 7th at 1 p.m for apartments renting at $712 a month.
Last updated on April 30th, 2019Eligibility for Bluebonnet Studios
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Austin but actual income limits may differ for units at Bluebonnet Studios.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| Very Low Income (50%) | $40,900 | $46,750 | $52,600 | $58,400 | $63,100 | $67,750 | $72,450 | $77,100 |
| Low Income (60%) | $49,080 | $56,100 | $63,120 | $70,080 | $75,720 | $81,300 | $86,940 | $92,520 |
Bluebonnet Studios Details
- 107 studio bedroom units.
- Low-Income Housing Tax Credit (LIHTC)
- HOME Investment Partnerships Program
Property Amenities
- Controlled Access
- Computer Lab
- Business Center
- Resident Service Coordinator
- On-Site Maintenance
- Smoke Free
- Resident Lounge
- On-Site Laundry
Unit Amenities
- Ceiling Fan(s)
- Garbage Disposal
- Microwave
- Utilities Included
- Refrigerator
- Oven and Range
- Heat and Air
Nearby Amenities
- Close to Public Transportation
Office Hours
| Day | Hours |
|---|---|
| Monday | 8:00am-4:00pm |
| Tuesday | 8:00am-4:00pm |
| Wednesday | 8:00am-4:00pm |
| Thursday | 8:00am-4:00pm |
| Friday | 8:00am-4:00pm |
Low-Income Housing Tax Credit (LIHTC)
Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.
HOME Investment Partnerships Program
This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.
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