Habla a: 495 Main Street, Morro Bay, CA 93442
Teléfono: (805) 772-8159
Correo electrónico: email@example.com
Vivienda para individuos y familias
We set a precedent in the State with the purchase and preservation of the 26-unit Pacific View Apartments in Morro Bay. By completing the first successful buyout of a Farmers Home Administration (FmHA) “at risk” project we helped avert the displacement of the low income tenants. A number of these tenants had been residents since it was built in 1976.
At the time of purchase in 1991, low-income tenants in Pacific View paid an average rent of $175 a month, compared with then market rate rents in Morro Bay of $600-$700. PSHH helped avoid the re-sale and conversion of these apartments to market rate, which had occurred several times between 1977 and 1991.