The 303030 collaborative will preserve the affordability of of existing (at-risk) and new single-family and multifamily properties in the City of Riverside. These properties house low-to-moderate income residents comprised of renters and homeowners, including homeless families and individuals. Our focus will be on households with incomes below 120% AMI, which includes low and very low-income residents in the City of Riverside. In the coming six years the city’s affordable housing covenant will expire on more than 700 units designated as affordable. Many of the people served will be those who journeyed through homelessness into emergency shelter, to transitional housing and permanent supportive housing.
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30% of Riversides needed 11,755 allocated RENA affordable homes
That’s 3,527 homes in the City of Riverside
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. . . by the year 2030
Create permanent affordable housing for households below 120% AMI (Area Median Income)
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Where a homeowner’s housing costs are 30% of the household income.
We will develop and preserve high-quality, affordable and environmentally sustainable housing so people can thrive in the community where they live and work.
The Group
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