IE Business Daily Business news for the Inland Empire.
Riverside has been named “pro-housing” by the state of California, a designation that makes the city eligible for state funds meant to speed up housing production.
On Wednesday, Gov. Gavin Newsom declared Riverside and 10 other municipalities pro-housing, bringing the number in the state to 22, according to a statement on Riverside’s website.
Local governments designated pro-housing designation may apply for new Prohousing Incentive Program grant funding, a $26 million state investment from the Building Homes and Jobs Trust Fund.
“This designation recognizes the choices Riverside has made in pursuing the creation of housing for our residents,” Mayor Patricia Lock Dawson said in the statement. “Our leadership in this area puts Riverside at the forefront to continue making progress on this issue.”
Such grants have helped Riverside pay for hundreds of millions of dollars worth of affordable housing, according to the statement.
