Silicon Valley-based real estate startup company Juno is building its first project, a sustainable five-story, 24-unit apartment building. 

The site is on a mere 0.17 acres at the northwest corner of Comal St. and E. Fourth, and is projected to open in 2022.

The project is eligible for certain development fees because 17%, or four, of its units will be offered to households making less than 50% of the area's median income, according to the Austin Towers website. That equates to $34,650 per year for a single person and $49,450 for a family of four.

“When we first met the Juno team, we were struck by their first-principles approach to building,” Comcast principal Sheena Jindal said. “Juno fundamentally understood what was broken in multifamily housing production and tackled it head-on by focusing earlier in the value chain with its design and OEM sourcing strategy. Juno partners with existing players in the value chain, rather than displacing them.”

Juno brings to the table a system of "productization" by creating efficiencies in the construction process to minimize delays and increase precision in estimation and scheduling completion of projects. The intent for this is to create more affordable housing much more quickly. Additionally, Juno touts that its design process is 60% faster than in traditional real estate development.