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<br /> <br /> <br /> <br /> <br /> Quarterly Report for Housing Division Projects and Activities <br /> June 4, 2012 <br /> Page 7 <br /> <br /> Station District <br /> <br /> The Station District Apartment Homes Phase I will include 74 units of large family affordable rental <br /> housing which are currently under construction and expected for completion in March 2013. <br /> Phase II is under construction and is anticipated to be completed by March 2013 as well. It will <br /> include an additional 40 units of large family affordable rental housing involving a combination of <br /> new construction (25 units) and rehabilitation of existing residential structures (15 units). In <br /> addition, a third phase of for sale housing, to be developed by City Ventures, will include <br /> approximately 24 units of large family homes, with the first component of 8 townhomes expected to <br /> commence by the end of the year. <br /> <br /> <br /> FISCAL IMPACT <br /> <br /> There is no fiscal impact associated with this action. <br /> <br /> <br /> <br /> <br /> Nancy T. Ed rds <br /> Interim Exec ive Director <br /> Community Development Agency <br /> <br /> NTE/SLB/TG/lo <br /> Prepared by: Terry Gilbreth <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> 19D-7 <br />