State Grants AHSC Funds to ‘Entrada’ in Riverside, CA
by Wakeland Staff
July 10, 2020
Riverside, Calif. - Wakeland has secured development funds from the State of California’s highly competitive Affordable Housing and Sustainable Communities (AHSC) program for a second time in two years.
The funds are part of a $31.2 million package granted by Strategic Growth Council (SGC) to a wide-ranging community revitalization effort in Riverside, CA, centered around Wakeland’s ‘Entrada’ affordable housing community.
Entrada anchors a broader plan of transportation and sustainability projects that aim to transform Riverside’s Eastside neighborhood into a transit-connected, energy-conserving model of sustainability where residents can thrive.
“Eastside residents will see their neighborhood transformed as a result of this grant package,” said Wakeland’s President and CEO, Ken Sauder. “Beyond building 65 new affordable homes at Entrada, it will create better walking, biking and transit access, plant new trees and drought-tolerant landscaping at homes, and fund many other ‘green’ improvements that will be a great benefit to residents.”
More than $16.2 million will go directly to Entrada from the AHSC program, which also funded $4.8 million for a new transit hub and pedestrian, biking and transportation upgrades. The overall plan is rounded out by a $9.1 million grant from SGC’s Transformative Climate Communities program that will go toward urban greening, solar installation and workforce development programs in the neighborhood around Entrada.
Wakeland previously received AHSC funds for another affordable housing community we’re developing in Riverside, Mission Heritage Plaza.
July 10, 2020
Riverside, Calif. - Wakeland has secured development funds from the State of California’s highly competitive Affordable Housing and Sustainable Communities (AHSC) program for a second time in two years.
The funds are part of a $31.2 million package granted by Strategic Growth Council (SGC) to a wide-ranging community revitalization effort in Riverside, CA, centered around Wakeland’s ‘Entrada’ affordable housing community.
Entrada anchors a broader plan of transportation and sustainability projects that aim to transform Riverside’s Eastside neighborhood into a transit-connected, energy-conserving model of sustainability where residents can thrive.
“Eastside residents will see their neighborhood transformed as a result of this grant package,” said Wakeland’s President and CEO, Ken Sauder. “Beyond building 65 new affordable homes at Entrada, it will create better walking, biking and transit access, plant new trees and drought-tolerant landscaping at homes, and fund many other ‘green’ improvements that will be a great benefit to residents.”
More than $16.2 million will go directly to Entrada from the AHSC program, which also funded $4.8 million for a new transit hub and pedestrian, biking and transportation upgrades. The overall plan is rounded out by a $9.1 million grant from SGC’s Transformative Climate Communities program that will go toward urban greening, solar installation and workforce development programs in the neighborhood around Entrada.
Wakeland previously received AHSC funds for another affordable housing community we’re developing in Riverside, Mission Heritage Plaza.