California Community

Verano, Perris, Riverside County

Verano

Verano is the second phase of new housing that is the centerpiece of the new Downtown Specific Plan Area. Verano, the first phase, opened with 60 family affordable units in 2012. Verano’s 1.8-ac. redevelopment site will include 40 family apartments (24 dua), and the design will include a collonade with childcare and retail suites along D Street with a traditional Spanish/Mediterranean exterior.

An allocation of $8,466,000 in 9% Low-Income Housing Tax Credits was awarded in 2013. The RDA funded $3,323,000.

The site is located near a RCTC bus line and the Perris Metrolink Station, Mercado Park, a health clinic, a market and the new Mercado Park. Verano will be certified as LEED Silver.

Construction is three levels of Type V with 72 spaces of surface parking. Amenities include a large community room with a computer lab and exercise room, barbecue areas, children’s playground and bicycle storage.

100% affordable: 4 units – 30% AMI, 10 units – 45% AMI, 16 units – 50% AMI, 9 units – 60% AMI.

Photos

Gallery coming soon

Year Built

2015

Type

Family

No. Units

40

Total Cost

$13,635,000

Developer

AMCAL Multi-Housing

Contractor

AMCAL General Contractors

Architect

Withee Malcolm

Financing

Equity

$8,889,000 Union Bank

Construction

$8,335,000 Union Bank

Permanent

$1,178,000 California Community Reinvestment Corp.

Agency

Non-Profit

Las Palmas Foundation