Address: 495 Main Street, Morro Bay, CA 93422
Phone: (805) 772-8159
Housing for Individuals & Families
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 lived in the building since it was built in 1976.
At the time of the purchase in 1991, low-income tenants in Pacific View paid an average rent of $175, compared with market rate rents in Morro Bay of $600-$700. We helped avoid the sale and conversion to market rate that had already occurred seven times since 1977, when the same owner had displaced tenants by selling other FmHA-financed low-income projects.