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General Plan - Moreno Valley

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CHAPTER 8 – HOUSINGMORENO VALLEY GENERAL PLANPolicyPrograms4.1.04 The EDD/RDA will work with Riverside County Housing Authority to secure andcoordinate the application of HUD-financed Rental Rehabilitation programs(including the Moderate Rehabilitation program) within <strong>Moreno</strong> <strong>Valley</strong>, with thegoal of rehabilitating 300 lower-income rental units by 1995.UpdateThrough the State HOME program, the City received funding for a HUD financed RentalRehabilitation Program. The program has been continued using RDA and HOME funding.Given the relatively low market rents, new rental housing construction has been infeasiblewithout large subsidies. Instead the publicly assisted renovation of existing rental units offersa more cost-effective way to provide housing affordability.ResultsRental Rehabilitation ProgramPalos Verdes Apartments24020 Dracaea 48 unitsQuail Run Apartments13400 Elsworth 225 unitsIsaac15321 Sheila Street 4 UnitsOswal21881 Cottonwood Avenue 1 UnitChilds24457 & 24471 Postal Avenue 4 UnitsCaraballo24600-24612 Atwood AvenueSanchez15187 Elm Court5 Units4 unitsTotal291 UnitsPage 8-102 July 11, 2006

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