King Station Apartments to hold Open House

Originally published in the July 9, 2014 issue of The King City Rustler.

By Samantha Bengtson / The King City Rustler

King City - The King Station Apartments which began construction in April 2013 are up and running at full capacity and invite the public to an Open House on July 10 at 5:30 p.m.

The King Station Apartments are a 57 unit rental property.  The property contains 24 one bedroom units, 8 two bedroom units and 25 three bedroom units.  King Station Apartments have a large community building with an office, computer learning lab, laundry facilities, exercise room, community kitchen and multi-use room.

"We target families and seniors up to 50% of the area median income for Monterey County," said Denise Carter, chief portfolio officer for the Pacific Companies, owner and developer.

To attract families, the Apartment property offers a pool and a large playground.  King Station Apartment residents can enjoy a covered picnic area with barbecues and picnic tables.

"This property is a LEED (Leadership in Energy and Environmental Design) platinum property and has practically net zero energy with huge solar array and is Energy Star certified," said Carter.  "All of the units have a covered patio or deck."

King Station Apartments are also partnering with Central Valley Coalition for Affordable Housing who are providing supportive services free of charge to the tenants.  These services include Adult Educational Classes, Health and Wellness Services, computer classes, financial literacy, job seeking classes and more, bi-weekly at the property.

Carter states that the property was full within a month of completion.  So why have an open house?  "We feel it is important to celebrate a successful project that required the joint efforts of the owners and the city," said Carter.  "The project would not have been possible without the following sources:  King City HOME funds to the property, we also have a USDA 515 loan, permanent conventional loan and Federal and State Tax credits from the California Tax Credit Allocation Committee."

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