The University of Texas at Austin will soon get an influx of money to help address its ongoing housing shortage, with plans to create its first housing endowment. The endowment will be used for both housing scholarships and new complexes, UT President Jay Hartzell told the Austin American-Statesman in an interview.
Donors will be able to make a naming gift to a new 1,000-bed undergraduate housing complex or have other opportunities to make smaller donations to fund the endowment, Hartzell told the Statesman.
The new endowment will also help fund a new graduate housing complex for UT Law School students, inviting a donor to name the new facility. This new complex will UT’s first to be aimed at attendees of a particular school. It's the third graduate housing project to be announced since the university launched its East Campus Master Plan in 2015. The first affordable graduate complex opened this fall with about 780 beds and is at 97 percent capacity, the Statesman reported.
