$21M apartment complex could offer affordable housing in College Station

3,599 Views | 45 Replies | Last: 9 days ago by Hornbeck
doubledog
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
7:58a, 2/13/26
Quote:
College Station City Council approves support for affordable housing project

Quote:
If the developer is awarded these tax credits, they'll sell them to investors to raise the capital needed to build the project and affordable workforce housing.


A good deal? or a pig in a poke?

Is there not plenty of affordable housing in Bryan.

NOTE : This is not a slam about Bryan. This statement was added because KBTX is reporting this as if College Station is the only housing market in the area.

Also I assume these will be apartments... From the KBTX story
Quote:
The apartments would be for people earning between 30% and 60% of the area's median income. The community development administrator for the city of College Station, David Brower, says people who work in College Station are finding it harder to afford to live here.


https://www.kbtx.com/2026/02/12/proposed-21m-apartment-complex-could-offer-affordable-housing-college-station/
https://www.kbtx.com/2026/02/13/college-station-city-council-approves-support-affordable-housing-project/
Reply Quote
2 edits
EliteElectric
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to doubledog • 8:05a, 2/13/26
doubledog said:
Is there not plenty of affordable housing in Bryan.

www.elitellp.net/

Reply Quote
3
EFR
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
8:18a, 2/13/26
Starting off with "why can't the poors live in Bryan" is a bold strategy for sure.
Reply Quote
34
doubledog
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to EFR • 8:40a, 2/13/26
EFR said:
Starting off with "why can't the poors live in Bryan" is a bold strategy for sure.

You did not answer my question.

What is wrong with Bryan? I lived in Bryan for a few years and I am thinking of moving back. I do not consider myself poor.

Quote:
Brower told KBTX that an example would be if the average rent in College Station runs around $2,400, units at Knoxwood Crossing could go for closer to $1,400. He stated that the $2,400 average rent cost came from the Toledo Bend house project.


FYI $1400/month (affordable housing) is not exactly on the low end of the economic scale.

A quick glance at Zillow shows that there are at least 15 units in south Bryan that are about $1400/month.
Reply Quote
5
5 edits
Lone Stranger
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
9:45a, 2/13/26
This morning Zillow shows 471 rental units available in College Station at $1400 and under for 1, 2 and 3 bedroom units just using the price point and unit size mentioned for the proposed units in the article.

Of course these 471 units are mostly not "brand new."



Reply Quote
6
happyinBCS
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
9:58a, 2/13/26
is this a HUD section 8 property
Reply Quote
6
doubledog
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to happyinBCS • 10:04a, 2/13/26
happyinBCS said:
is this a HUD section 8 property

Not in the KBTX articles (surprised!). Maybe Bob will chime in and tell us.
Reply Quote
1
1 edit
FlyRod
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to doubledog • 12:00p, 2/13/26
doubledog said:
EFR said:
Starting off with "why can't the poors live in Bryan" is a bold strategy for sure.

You did not answer my question.

What is wrong with Bryan? I lived in Bryan for a few years and I am thinking of moving back. I do not consider myself poor.

Quote:
Brower told KBTX that an example would be if the average rent in College Station runs around $2,400, units at Knoxwood Crossing could go for closer to $1,400. He stated that the $2,400 average rent cost came from the Toledo Bend house project.


FYI $1400/month (affordable housing) is not exactly on the low end of the economic scale.

A quick glance at Zillow shows that there are at least 15 units in south Bryan that are about $1400/month.

Might want to visit Next Door and see how this discussion is over there. $1400 is quite lot for a lot of folks in BCS, from the number of posts I've seen re affordable housing or the lack thereof.
Reply Quote
Hornbeck
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
12:15p, 2/13/26
AG
Doesn't that land flood over there? I know Crystal Park Plaza's parking lot floods in a good storm.
Reply Quote
1
woodometer
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
12:20p, 2/13/26
AG
From what I heard last night these are tax payer funder state tax credits that will go to the developer to build the units. No idea if the actual rent is subsidized or not. We need more housing in our communities that is affordable not more "affordable housing".
Reply Quote
7
doubledog
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to FlyRod • 12:52p, 2/13/26
FlyRod said:
doubledog said:
EFR said:
Starting off with "why can't the poors live in Bryan" is a bold strategy for sure.

You did not answer my question.

What is wrong with Bryan? I lived in Bryan for a few years and I am thinking of moving back. I do not consider myself poor.

Quote:
Brower told KBTX that an example would be if the average rent in College Station runs around $2,400, units at Knoxwood Crossing could go for closer to $1,400. He stated that the $2,400 average rent cost came from the Toledo Bend house project.


FYI $1400/month (affordable housing) is not exactly on the low end of the economic scale.

A quick glance at Zillow shows that there are at least 15 units in south Bryan that are about $1400/month.

Might want to visit Next Door and see how this discussion is over there. $1400 is quite lot for a lot of folks in BCS, from the number of posts I've seen re affordable housing or the lack thereof.

That is part of the problem, the Knoxwood Crossing apartments are $1400 or more.
Reply Quote
1
maroon barchetta
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
12:56p, 2/13/26
Why does the city need to be in the housing business, and how much of this $21 million is from the CSU slush fund?
Reply Quote
22
EliteElectric
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to maroon barchetta • 1:27p, 2/13/26
maroon barchetta said:
Why does the city need to be in the housing business, and how much of this $21 million is from the CSU slush fund?

Come on man, they haven't interfered in private business with taxpayer money, or wasted taxpayer money on boondoggles in a few weeks. Do you simply want them to stop cold turkey?
www.elitellp.net/

Reply Quote
20
maroon barchetta
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to EliteElectric • 1:30p, 2/13/26
How many small living units could be constructed inside Macy's?
Reply Quote
11
EliteElectric
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to maroon barchetta • 1:36p, 2/13/26
all of them
www.elitellp.net/

Reply Quote
5
CS78
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
1:49p, 2/13/26
Don't we already have enough old apartments that are affordable?
Reply Quote
8
EliteElectric
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to CS78 • 1:58p, 2/13/26
Not that the city can deftly use our tax dollars on
www.elitellp.net/

Reply Quote
11
Muzzleblast
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
2:00p, 2/13/26
The warmth of collectivism
Reply Quote
12
Vinewood_03
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
2:11p, 2/13/26
Good on the COCS for exploring the affordable housing crisis in College Station. Would be nice if there were some Habitat Housing in College Station as well.
Reply Quote
Hornbeck
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
2:14p, 2/13/26
AG
Last council meeting, when the topic was raised about affordable housing, one member said, "Young people need to lower their expectations" when it came to housing. My immediate thought was, that sure is a "let them eat cake" kinda statement.

I guess this is "lowering expectations"... Sorry young folks, you don't get to own anything, but you can have lower rent....

Why solve the problem when you can spend more taxpayer dollars not solving it? Pay no attention to the fees....
Reply Quote
7
1 edit
maroon barchetta
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Vinewood_03 • 2:37p, 2/13/26
Vinewood_03 said:
Good on the COCS for exploring the affordable housing crisis in College Station. Would be nice if there were some Habitat Housing in College Station as well.


Pretty sure there is Habitat housing in CS.

I'm not in agreement that this city government should be in the business of buying or managing real estate. Their track record doesn't show this to be a good plan.
Reply Quote
11
EliteElectric
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to maroon barchetta • 2:51p, 2/13/26
100% The Coyote has a better chance of catching the Roadrunner than CoCs getting a real estate deal correct
www.elitellp.net/

Reply Quote
14
Tailgate88
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
2:59p, 2/13/26
AG
Based on what was posted on here recently - that onerous fees are imposed on developers at every turn, causing them to not build in CS, how is this particular project going to be affordable? So we make it easier for lower income people to find housing in town and price the middle-class out of being able to buy a starter home?

My brain hurts.
Reply Quote
6
cstx-Killian
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
3:49p, 2/13/26
The City Council issued a resolution of support, but will have no other role in the process. The proposed Knoxwood Crossing development would not be built on City land or with City funds. Most of the funding would come through the State's competitive 9% Low Income Housing Tax Credit process. More about this State process can be found at tdhca.texas.gov/competitive-9-housing-tax-credits.

Rent numbers provided to KBTX by city staff were examples from a recent single-family rental activity. A two-bedroom unit in the proposed Knoxwood Crossing development would rent for $1,050 a month to a family earning 60% or less of the area median income for their household size ($53,100 or less in annual income for a family of four).

The developer will submit an application for tax credits to the Texas Department of Housing and Community Affairs. Tax credits will be awarded in July. If awarded, the developer will sell the credits to investors to raise the capital it needs. Construction would start next January, and units would be placed in service by December 2028.

Colin Killian
Public Communications
Reply Quote
6
maroon barchetta
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to cstx-Killian • 4:04p, 2/13/26
What is the $21 million number being tossed around by KBTX?
Reply Quote
kraut
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to maroon barchetta • 4:23p, 2/13/26
AG
maroon barchetta said:
What is the $21 million number being tossed around by KBTX?

Looks like the developer's cost to do the multifamily project. The KBTX article isn't very clear though.
Reply Quote
2
whoop1995
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
4:27p, 2/13/26
AG
$21 million for 60 units comes to $350k per unit. Is this really low income housing?


Didn't Bob just come on here and say that the city council was in a disagreement at the mere suggestion of waiving start up taxes for builders to pass on to eventual home owners?

In my understanding in these hud deals the public property taxes are not paid in full and a "discount" is given. So the cities position is not to waive taxes for homeownership through crazy fees but to waive "possible" property taxes for apartment renters/owners? And this is a good thing?

I guess I am missing something here…….. city wants young home owners but gives/waves money to apartment renters?
I collect ticket stubs! looking for Aggie vs tu stubs - 1926 and below, 1935-1937, 1939-1944, 1946-1948, 1950, 1953, 1956-1957, 1959, 1960, 1963-1966, 1969-1970, 1973, 1974, 1980, 1984, 1990, 2004, 2008 also looking for vs Villanova 1949- all home and away 2012-2013- media or suite passes for bowl games in 2021, 2023 and 2024
Reply Quote
4
1 edit
Tailgate88
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to cstx-Killian • 4:28p, 2/13/26
AG
Colin, thank you for coming on here and posting. More communication and transparency from the City is definitely wanted and needed.
Reply Quote
4
doubledog
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to cstx-Killian • 5:40p, 2/13/26
cstx-Killian said:
The City Council issued a resolution of support, but will have no other role in the process. The proposed Knoxwood Crossing development would not be built on City land or with City funds. Most of the funding would come through the State's competitive 9% Low Income Housing Tax Credit process. More about this State process can be found at tdhca.texas.gov/competitive-9-housing-tax-credits.

Rent numbers provided to KBTX by city staff were examples from a recent single-family rental activity. A two-bedroom unit in the proposed Knoxwood Crossing development would rent for $1,050 a month to a family earning 60% or less of the area median income for their household size ($53,100 or less in annual income for a family of four).

The developer will submit an application for tax credits to the Texas Department of Housing and Community Affairs. Tax credits will be awarded in July. If awarded, the developer will sell the credits to investors to raise the capital it needs. Construction would start next January, and units would be placed in service by December 2028.

Colin Killian
Public Communications

Collin there are presently about 20 units available in CoCS (Zillow) that rent for about $1050 a month and many more in the $1,100 a month range. Did your discussion include these units that are "affordable" and are presently available, without the need for tax credits and the 60% limitation?
Reply Quote
10
1 edit
tu ag
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
7:38p, 2/13/26
AG
The City of College Station will have a good real estate deal the day after the end of the world.
Reply Quote
14
Stucco
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
7:07a, 2/14/26
We need housing. This is paid for by the state. City Council just had to approve a resolution before the developer can apply for the funds.

I don't see a problem with this.
Reply Quote
6
doubledog
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Stucco • 8:04a, 2/14/26
Stucco said:
We need housing. This is paid for by the state. City Council just had to approve a resolution before the developer can apply for the funds.

I don't see a problem with this.

Our taxes fund the state.
Reply Quote
15
Stucco
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to doubledog • 8:10a, 2/14/26
I should have been more clear. I don't see a problem with the City Council resolution and vote.
Reply Quote
5
hopeandrealchange
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
8:18a, 2/14/26
If our City leaders would just get out of the real estate business and get out of the way of the free market the problem would fix its self.
Reply Quote
15
Bob Yancy
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to doubledog • 8:28a, 2/14/26
doubledog said:
happyinBCS said:
is this a HUD section 8 property

Not in the KBTX articles (surprised!). Maybe Bob will chime in and tell us.


It is not. It's a different program. I'd like to refer everyone to Kenny Elliot's op/ed in today's Eagle. It's a great piece. The only thing he leaves out is the role my beloved city is playing via regulations and fees that is, in my opinion, making our housing market tougher than it has to be.

Respectfully

Yancy '95
Reply Quote
1
Page 1 of 2 ▼
 
×
subscribe Verify your student status
See Subscription Benefits
Trial only available to users who have never subscribed or participated in a previous trial.