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APRIL 2015

California Housing Consortium

CHC Member Profile: Highridge Costa's Perris Station

by CHC

The artistry of modern design meets the practical needs of active low-income seniors at the award-winning Perris Station Senior Apartment Homes, one of 148 affordable apartment communities located in California that Highridge Costa has developed or invested in since its formation in 1994.

The $28 million, three-story, 84-unit community serves age-qualified residents with annual incomes that are 30 to 60 percent of Riverside County's median income. Located in the heart of the Perris's revitalized historic district across the street from the senior center and conveniently near the public library, a new Metrolink multi-modal transit center and a healthcare clinic, Perris Station has been drawing rave reviews since opening in 2014.

In fact, it has made such an impression that there's a lengthy wait list for seniors wanting to live there.

Outstanding features include an expansive, shaded 16,000-square-foot, second floor courtyard complete with tables, chairs, and barbecues. With an eye towards safety, handrails are installed in all corridors and common areas are not carpeted to accommodate residents with limited mobility.

The one- and two-bedroom apartment homes feature fully equipped kitchens, large closets, private balconies/patios and comfortable, well-designed living spaces. There's also 9,300-square-feet of retail and office space. The complex was designed to exacting LEED Gold environmental certification specifications.

The community has received numerous accolades, recently collecting several coveted Gold Awards given by the National Association of Home Builders.

The City used funds from its Housing Authority along with private dollars and federal tax credits to pay for the project. Speaking at the ribbon cutting, Michael Costa said forging public-private partnerships to create affordable homes is among the toughest of challenges and called such events "the happiest day in a developer's life."

A resident best summed it up, saying, "On a scale of 1 to 10, this is a 10-plus!"

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