Austin Developer Aims to Tackle Housing Affordability Crisis with New Project

By Austin Citizen Journalist

As Austin grapples with housing affordability, a local developer steps up with a plan: 600 Cumberland Road, an eight-story mixed-use development in South Austin, will offer 110 apartments, 50% of which are below market rate.

We’re focused on bringing more workforce housing to Austin. Rising rents have forced many to the suburbs. Our teachers, medical workers, first responders deserve to live in our community — Chris Affinito, Notional Development Partners

Details:

• Address: 600 Cumberland Road, Austin, TX 78704
• Developer: Chris Affinito, Notional Development Partners
• Units: 110 (50% market rate, 50% below market rate)
• Amenities: Pool, fitness center, business center, lounge, underground parking
• Affordable Units: For residents earning 50-80% of Travis County's median income, rents won't exceed 30% of gross income. (E.g., $1,103 for an efficiency unit at 50% MFI)
• Market Rate Units: From $1,500/mo for a studio to over $3,000/mo for a 2-bed
• Funding: Capital Impact Partners, a national nonprofit lender

Notional has two other projects in Austin with a similar focus:

• 1418 Frontier Valley Drive: 101 units, half affordable, under construction in Montopolis
• 1200 Springdale Road, East Austin: Planned 348 units, with 50% for those earning 50-80% AMI, 40% at or below 120% AMI