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Affordable housing nonprofit asks San Clemente to forgive two legacy city loans
Summary
Mary Erickson Community Housing asked the San Clemente City Council to forgive two decades-old city loans on two small apartment properties, saying forgiveness would allow reinvestment in needed rehabilitation and preserve affordable units for roughly 48 residents; council asked staff for a report back.
Susan McDevitt, executive director of Mary Erickson Community Housing, told the San Clemente City Council on Feb. 17 that her nonprofit seeks forgiveness of two legacy city loans on small local rental properties to preserve long-standing affordability and fund repairs.
"These loans were made by the city over 30 years ago and to support affordable housing. That public purpose has been fulfilled," McDevitt said, identifying the properties as 133 and 135 West Canada (8 units) and 143 West Marquita (4 units). She said the Kenyatta property’s…
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