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City Council report: Hurdle cleared for more affordable housing

A preliminary concept rendering of the 59-unit affordable housing development that may soon be under construction at St. Ambrose Episcopal Church in Claremont. Photo/courtesy of St. Ambrose Episcopal Church

A plan to develop affordable senior housing on St. Ambrose Episcopal Church property took a big step toward fruition Tuesday when after a public hearing Claremont City Council voted unanimously to approve up to $16 million in revenue bonds to finance the 59-unit development at 830 W. Bonita Ave., shown here in a concept rendering. The bonds will be issued through the California Municipal Finance Authority. The borrower is the developer, National CORE. The city of Claremont will not have any financial obligation with respect to the bonds. Image/courtesy of St. Ambrose Church

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