IE Business Daily Business news for the Inland Empire.
Riverside has received a $2.4 million grant that it will use to build affordable housing.
The money, from California’s Pro-housing Incentive Pilot Program, will help develop two projects that will create 232 affordable housing units, according to a statement on the city’s website.
The projects are Mulberry Gardens and Sunrise at Bogart.
Mulberry Gardens is downtown, at Mulberry and Holding streets. Sunrise at Bogart is at Bushnell and Bogart avenues near Five Points in La Sierra, a neighborhood that is the western entrance to the city.
The grant, announced June 13, was one of 18 given out statewide by the California Business, Consumer Services and Housing Agency and the Department of Housing and Community Development.
A little more than $33 million was distributed statewide. Other awards included $5 million to San Diego and $4.9 million to Los Angeles, according to the statement.
