Verano – Riverside
Affordable
Project Description

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 includes 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, a health clinic, a market and the new Mercado Park. Verano will be certified as LEED Gold and includes solar thermal water heating.

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. Occupancy began in 2015.

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


Property type: Affordable

Year Built: 2015
No. Units: 40
Developer: AMCAL Multi-Housing
Contractor: AMCAL General Contractors
Architect: Withee Malcolm

Affordable Rental Information

LOCATION

Verano




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