Loan Agreement for the Use of American Rescue Plan Act (ARPA) Funds for Cambern Avenue Apartments
Summary
SCH Number
2024120084
Public Agency
Riverside County
Document Title
Loan Agreement for the Use of American Rescue Plan Act (ARPA) Funds for Cambern Avenue Apartments
Document Type
NOE - Notice of Exemption
Received
Posted
12/4/2024
Document Description
The Proposed Project will consist of a total of 75 resident units, plus I two-bedroom unit unrestricted as a manager's unit, located on approximately 4.02 acres of land on two separate parcels of land located at 29366 and 29377 3rd Street in the City of Lake Elsinore, California, 92532, identified as Assessor's Parcel Numbers 3 77-100-003 and 377-380-003 (Property). The Proposed Project includes 26 one-bedroom units, 30 two bedroom units, and 20 three-bedroom units. Under the County's ARPA program, 49% of the rental units, or 36 units, will be restricted to households whose incomes do not exceed 60% of the area median income. Of those units, 25% of the units, or 9 units, will be restricted to households whose incomes do not exceed 30% of the area median income for the County of Riverside. The use and occupancy restrictions will be set forth in a Covenant Agreement to be recorded in the Official Records of the County of Riverside.
Contact Information
Name
Juan Garcia
Agency Name
County of Riverside Housing and Workforce Solutions
Job Title
eputy Director of Economic Development/HWS
Contact Types
Lead/Public Agency
Phone
Email
Location
Cities
Lake Elsinore
Counties
Riverside
Regions
Southern California
Parcel #
377-100-003 and 3 77-380-003
Other Location Info
29366 and 29377 3rd Street
Notice of Exemption
Exempt Status
Statutory Exemption
Type, Section or Code
65913.4 and 65589.4
Reasons for Exemption
Find that the Loan Agreement for the Use of American Rescue Plan Act (ARPA) Funds is exempt pursuant to California Government Code Sections 65913.4 and 65589.4, in which certain multifamily affordable housing projects are designated a permitted use and satisfies all objective planning standards. The City of Lake Elsinore has determined that the Streamlined By-Right Project is Statutorily Exempt from the California Environmental Quality Act ("CEQA") as a ministerial project.
County Clerk
Riverside
Attachments
Notice of Exemption
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