RIVERSIDE – (INT) – The City is stepping up its affordable housing initiative.

State funding of $32 million will be used to construct 278 new, affordable housing units throughout the city.

Riverside projects receiving state funding include:

• Mission Heritage Project, a 72-unit affordable housing project in the downtown neighborhood, with a 22-unit set-aside that will be reserved for veterans. This project is being built with $16.8 million in assistance from the Affordable Housing and Sustainable Communities Program, including more than $10 million for the housing project and $6 million for nearby integrated transit improvements. The City’s financial commitment is $3 million.

• Oasis Senior Villas, which received $8.2 million in support from the state’s No Place Like Home Program (NPLH), will consist of 108 units in the Eastside neighborhood benefitting low-income seniors, including people who are previously homeless and living with mental illness.

• St. Michaels Project, which will receive $4.3 Million in NPLH Program funding to construct 49 units of housing for extremely low-income residents in the Arlington neighborhood. The City participated with project assistance of $2 million.

• Cedar Glen II, which includes 49 units of affordable housing in the La Sierra neighborhood, received $3.3 million of NPLH Program assistance. The City provided project assistance of $650,000.

“I’m pleased to see the State of California come forward as a partner to build these homes, including some that are attainable for people of limited means, veterans and our neighbors without homes,” Mayor Rusty Bailey said.

Story Date: June 26, 2019