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Quarterly Report for Housing Division Projects and Activities <br />June 4, 2012 <br />Page 7 <br />Station District <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 />FISCAL IMPACT <br />There is no fiscal impact associated with this action. <br />Nancy T. Ed rds <br />Interim Exec ive Director <br />Community Development Agency <br />NTE /SLB/TG /lo <br />Prepared by: Terry Gilbreth <br />19D -7 <br />