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Oversight Board approves transfer of 1.86-acre Riverside site for 64-unit development
Summary
The Countywide Oversight Board approved a resolution to transfer 1.86 acres of successor-agency land in the City of Riverside to a developer for a proposed 64-unit mixed-use project that would include 10 affordable units; staff said the disposition is CEQA-exempt at this stage.
The Countywide Oversight Board on Jan. 15 approved a resolution authorizing the transfer of 1.86 acres of successor-agency land in the City of Riverside for a proposed mixed-use development. The staff presentation said the purchase price is $1,050,000 and the project would include 64 housing units, 10 of them set aside as affordable housing.
Benjamin (Ben) Morales, the successor agency's real property services manager, told the board the site (reported in the meeting materials and transcript as "27312871 University Avenue") was…
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