Mercado Apartments

832 S D St, Perris, California 92570

Contact Mercado Apartments

Mercado is a centerpiece of the new Downtown Specific Plan Area. The 2.5-ac. redevelopment site will include 60 family apartments (24 dua), and the design will include a collonade along D Street with a traditional Spanish/Mediterranean exterior.

The site is located near a RCTC bus line and the Perris Metrolink Station, Mercado Park, a health clinic and a market. Merca- do is certified as LEED Platinum.

Construction is three levels of Type V with 120 spaces of surface parking. Solar panels will be installed on the carports. Amenities include a large community room with a computer lab, pool, barbecue areas, children’s playground and bicycle storage.

Eligibility for Mercado Apartments

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Perris but actual income limits may differ for units at Mercado Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$32,650	$37,300	$41,950	$46,600	$50,350	$54,100	$57,800	$61,550
Low Income (60%)	$39,180	$44,760	$50,340	$55,920	$60,420	$64,920	$69,360	$73,860

Mercado Apartments Details

59 bedroom units.
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Playground
BBQ and Picnic Area
Community Room
Pool
Bicycle Storage

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.