The Riverside City Council Tuesday voted unanimously to pilot a year-long program on University Avenue that, if effective, could jumpstart housing development in the area, according to the city.
“One of the biggest things I’ve noticed over the last five years has been the challenge of being able to see some of these sites be able to move forward,” Councilmember Clarissa Cervantes said during the April 21 meeting. “So I hope that this pilot project could be a creative opportunity and solution to see us continue to bring more housing online.”
The University Avenue Density Transfer Pilot Program would allow developers that want to build housing on University Avenue — in the corridor between the downtown region and the University of California, Riverside — to request additional housing units from a “development bank” or directly from another plot of land…