The Rev. Jacob Fontaine lived here and also published the Gold Dollar—the first African American-owned newspaper printed in Austin—from this location, in the heart of the old African American community of Wheatville, which once encompassed the area from 24th to 26th Streets and from Rio Grande Street to Shoal Creek. In the aftermath of the Civil War, Fontaine, a former slave, rose to prominence as an influential civic, spiritual and business leader for the Texas African American community. He established several churches and a variety of businesses, some of which were housed in the Rev. Jacob Fontaine Gold Dollar building, including the First Colored Baptist Church, New Hope Baptist Church and a community grocery store.
Due to major high-rise construction very near the building, it is currently not open to the public.
The Reverend Jacob Fontaine Gold Dollar Building