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.
Gallery coming soon
AMCAL General Contractors
$8,889,000 Union Bank
$8,335,000 Union Bank
$1,178,000 California Community Reinvestment Corp.
Las Palmas Foundation