Station 42 (NRP North Killeen Apartments)
Killeen
Description
A multi-family affordable housing apartment complex operating under a 99-year ground lease with the Killeen Public Facility Corporation.
Impact summary
Provides multifamily housing and generated initial closing fees, though ongoing revenue sharing is currently under board review.
Applicant
- Name
- Parker White / NRP Group
- Address
- 801 South W.S. Young Drive
At a glance
- Hearings
- 3
- Public comments
- 1
- Total mentions
- 3
Last vote · Killeen Public Facility Corporation
Last discussed Jun 16, 2026.
Meeting timeline (3)
Killeen Public Facility Corporation — June 16, 2026
An established multifamily residential development operating under a PFC agreement with market-rate and affordable units.
Killeen Public Facility Corporation — June 17, 2025
An update on the completed Station 42 apartment project, noting high occupancy and leasing rates.
Killeen Public Facility Corporation — June 11, 2024
An update on the construction and leasing progress of the Station 42 multi-family housing complex.
Related issues (4)
NRP North Killeen Apartments Financial and Operational Review
Staff presented occupancy and rent data for the NRP North Killeen Apartments, but board members raised concerns over missing annual cash flow payments and accounting of PFC funds.
Station 42 Apartment Complex Status and Affordability
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.
Affordable Housing and Developer Oversight
Residents and board members discussed the affordability, occupancy rates, and financial returns of PFC-backed apartment complexes like Station 42 and Avanti Legacy Parkview.
NRP North Killeen Apartments Project Update
The board received a progress report on the NRP North Killeen Apartments project, known as Station 42, covering development status up to November 2022.
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