Industry SOMA—Austin, TX / Multi-Family
Industry SOMA is an exciting new affordable living community located in the South Menchaca neighborhood of Austin. The development features 23 attached, aesthetically modern townhomes that supports Austin's missing middle in compliance with Austin’s S.M.A.R.T housing standards, serving households at or below 80% MFI (Median Family Income). The development is expected to break ground summer 2022 with completion expected in the fall of 2023.
“The community we envision for Industry SOMA is welcoming, family-oriented, safe, and one that residents will be proud to call home. As land and home costs continue to rapidly outpace income growth in the Austin area, we feel it is important to prioritize affordable communities for working families,” says Michael Winningham, Industy Principal.
2022 / Austin American Statesman
2022 / Austin Business Journal