Verano Apartments

904 S. D Street, Perris, California 92570

Contact Verano Apartments

AMCAL and FPI Management, Inc. are extremely happy to report that the interest on our beautiful apartment homes at Verano was overwhelming. We closed our interest list with over 800 names for this 40 unit development.

Verano Apartments is another quality tax credit development brought to you by AMCAL and professionally managed by FPI Management Inc.

Verano is currently under construction and will be ready for occupancy approximately May 2015.

Verano Apartments will be located at 904 South D Street in Perris, CA. Verano is Phase 2 of Mercado Apartments located next door. Our beautiful community will include spacious 2 and 3 bedroom apartment homes for rent.

Eligibility for Verano Apartments

Verano Apartments Details

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

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.