Theranos founder and convicted felon Elizabeth Holmes has been approved for placement in a community correction center, or halfway house, and is scheduled to be placed there next year, according to an update from the Department of Justice's Victim Notification System, ABC News has learned.

Holmes is scheduled to be placed in the Austin Transitional Center in Del Valle, Texas, on Aug. 23, 2027, according to the notification.

When reached for comment on Wednesday, the Federal Bureau of Prisons said in a statement that it "does not discuss the conditions of confinement for any individual, including release plans."

"Additionally, per BOP policy, specific designation information cannot be released until after an individual arrives at their designated institution," the statement continued.

BOP said several factors go into assigning individuals to facilities, including "the level of security and supervision required, medical or programmatic needs, separation or security considerations necessary for the individual’s safety, and other relevant factors, such as proximity to the individual’s release residence."

Holmes was originally sentenced in 2022 to 11 years and 3 months in prison for defrauding investors with false claims about her company's blood-testing technology.

Her sentence has since been reduced to 10 years and 3 months, and she is now scheduled to be released on Feb. 22, 2030. According to the Victim Notification System, upon her release, Holmes will reside in Austin, Texas, and be supervised by the United States Probation Office there. 

The new release date was the result of a retroactive change to federal sentencing guidelines and earned time through the First Step Act.