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Quarterly Report — Housing Division <br />Projects and Activities <br />November 19, 2012 <br />Page 6 <br />Station District Phase I, a 74 -unit, large family affordable rental housing project, is currently under <br />construction and is expected to be completed in March 2013. Phase II incorporates an additional <br />40 units of large family affordable rental housing consisting of the rehabilitation of existing <br />structures (15 units) and new construction (25 units). The rehabilitated units and the new units <br />are expected to be completed in December 2012 and March 2013, respectively. Phase III, a for - <br />sale housing project, to be developed by City Ventures, includes approximately 24 large family <br />homes, with the first component of 8 townhomes expected to commence by the end of the year. <br />Vista Del Rio, a 41 -unit, handicapped accessible, affordable rental housing project, is currently <br />under construction. The project, located at 1600 Memory Lane, is expected to be completed in <br />March 2013. <br />FISCAL IMPACT <br />There is no fiscal impact associated with this action. <br />Nancy T. Ed rds <br />Interim Exec Wive Director <br />Community Development Agency <br />NTE /SLB /RL /kg <br />19E -6 <br />