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Mar 23, 2023 · Context

Construction is under way, with completion expected in summer 2024

KFDA reported construction under way on 124 units for residents over 55 earning less than 60% of area median income, with completion expected in summer 2024. The report said National Park Service approval was needed for federal historic tax credits.^[1]

KRS Housing, LLC The Commonwealth Companies (Commonwealth Development)

What the sources say

✓ Verified
KFDA reported in March 2023 that National Park Service approval was needed for federal historic tax credits; the Globe-News reported in August 2022 that Hance called federal tax credits for using a historic building a major boost. ^[1]^[2]
✓ Verified
KFDA reported in March 2023 that the 124 units would be for residents over 55 earning less than 60% of the median income, that completion was expected in summer 2024, and that the building, no longer tax-exempt hospital property, would pay property taxes to Amarillo ISD, the City and Potter County. ^[1]