fbpx

The Future of Civil Rights & Affordable Housing

Community Groundbreaking

October 22, 2020

More Info

$3.5 Million in State Funding Will Help Open Civil Rights Institute of Inland Southern California

Assemblymember Jose Medina leads the effort in 2019-20 state budget RIVERSIDE, Calif. — June 29, 2020 — The Civil Rights Institute of Inland Southern California announced today that it has officially received $3.5 million in state funding, secured in the 2019-20 state...

The Civil Rights Institute of Inland Southern California is the marquee component of a 92,000 square foot project that will also provide 72 units of urban workforce housing and a new home for the offices of the for Fair Housing Council of Riverside County.

What's Been Accomplished to Date?

Silent Phase of Fundraising Underway

Development Team Assembled:

  • Fair Housing Council of Riverside County
  • Wakeland 501(c)(3)

Project Planning and Commitments:

  • Site acquired and assembled
  • Commitment from the City of Riverside
  • Conceptual site and facility planning complete
  • Entitlements approved
  • Conceptual architectural complete
  • Construction drawings underway

Capital Financing 96% Identified:

  • $11 million equity generated by Low Income Housing Tax Credits
  • $2 million permanent loan
  • $14 million Affordable Housing and Sustainable Communities loan
  • $ 1.5 million general partners contribution
  • $ .7 Fair Housing fund raising
  • $ 2.8 million Veterans Housing and Homeless Prevention loan
  • $ 3 million City of Riverside loan

Total $ 35 million