Station 42 Apartment Complex Status and Affordability
Summary
Residents raised questions about discrepancies in projected cash flow returns and audit timelines for the Station 42 apartment complex. Developer Parker White noted that leasing sits at 64% with full occupancy expected by late autumn.
At a glance
- Total mentions
- 3
- Last 30 days
- 0
Last discussed Jun 11, 2024.
Impact analysis
Projected annual cash flows to the city range from $30,000 to $40,000 following initial capital events, sparking questions from residents regarding original estimates.
Low-income families seeking affordable housing and residents utilizing the newly developed corridor.
Potential tenants earning outside qualifying income brackets or finding market-rate units unaffordable.
Mentions & discussions (3)
Killeen Public Facility Corporation — June 11, 2024
Residents raised questions about discrepancies in projected cash flow returns and audit timelines for the Station 42 apartment complex. Developer Parker White noted that leasing sits at 64% with full occupancy expected by late autumn.
City Council Workshop — August 1, 2023
The council reviewed the progress of the Station 42 affordable housing project, with move-ins slated for September 8, while debating tenant qualification and voucher acceptance.
Killeen Public Facility Corporation — June 14, 2022
The developer of the affordable housing project formerly known as Robinson 42 provided a status update, explaining a name change to Station 42 due to trademark issues. Construction is about 10% complete, with the first move-ins expected by March 2023.
Related development
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