NRP North Killeen Apartments Financial and Operational Review
Killeen
Summary
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.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
- Importance
- 2
Declining — being discussed less frequently. 0 mentions in the last 30 days, 1 the 90 before that.
Impact analysis
The city received a $350,000 origination fee and $82,000 for Condor Park, but questions remain regarding delayed annual cash flow revenue.
Residents of the apartment complex receiving below-market rents.
The city and PFC fund, which have experienced delays in receiving anticipated annual cash flow payments.
Mentions & discussions (1)
Related development
Station 42 (NRP North Killeen Apartments)
Provides multifamily housing and generated initial closing fees, though ongoing revenue sharing is currently under board review.
Station 52 (Tank Destroyer Apartments) Utility Easements
Provides high-quality affordable housing for seniors and expands community food security programs.
We'll email you when it's on an upcoming agenda and when it's voted on, at most once a day.
The weekly brief for Killeen
Every council decision, in plain English — one email a week.
Free. Unsubscribe with one click any time. We never sell your email.