Mercado is a centerpiece of the new Downtown Specific Plan Area. The 2.5-ac. redevelopment site will include 60 family apartments (24 dua), and the design will include a collonade along D Street with a traditional Spanish/Mediterranean exterior.
An allocation of $7,286,000 in 9% Low-Income Housing Tax Credits was awarded in 2010. The RDA awarded the RFP to AMCAL and funded $6,832,000.
The site is located near a RCTC bus line and the Perris Metrolink Station, Mercado Park, a health clinic and a market.
Construction is three levels of Type V with 120 spaces of surface parking. Solar panels will be installed on the carports. Amenities include a large community room with a computer lab, pool, barbecue areas, children’s playground and bicycle storage.
6 units – 30% AMI
15 units – 45% AMI
38 units – 50% AMI
14 units – 60% AMI
AMCAL General Contractors
California Community Reinvestment Corp.
City of Perris RDA
Las Palmas Foundation