Submitted by the City of Banning
On Tuesday, Aug. 14, Banning City Officials, Banning Chamber of Commerce representatives, and Westview Terrace Apartment Officials celebrated the recently completed renovations of the Westview Terrace Apartment Complex located along Westward Avenue, directly across from Banning High School.
The former Community Redevelopment Agency for the City of Banning had provided a $500,000 loan toward the renovations which included remodeling apartment units, a new lobby and social gathering area, security upgrades, replacement of kitchen appliances, electrical and plumbing enhancements, outdoor playground improvements and new BBQ facilities.
The loan agreement requires the developer, Dominium Inc., to pay back the loan at the end of a 55-year term and it also requires the 75-unit complex to maintain an affordability covenant during the term of the agreement. The affordability covenant means that 31 units are required to be set aside for “low-income” residents (persons or families whose income does not exceed 80% of the area median income), 43 units are required to be set aside for “very low-income” residents (persons or families whose income does not exceed 30% of the area median income) and 1 unit has been set aside as “unrestricted” housing for the on-site manager.
According to Community Manager for Westview Terrace, Coreen Fierro, since the renovations have been completed there is now a substantial waiting list for new residents. In addition, the Westview Terrace Apartments will be the first multi-housing development in Banning to fully integrate a recycling program.