Local News in Brief : Housing Deal Approved
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The Pasadena Board of Directors has tentatively approved a $1-million proposal to buy and repair a troubled housing project for the elderly. Under the plan, the city and the nonprofit Retirement Housing Foundation will jointly own and operate the federally subsidized, 150-unit Concord-Pasadena Apartments.
The Concord-Pasadena, owned by the Concord Retirement Housing Foundation Inc., is tied up in complex bankruptcy proceedings. The foundation is part of the crumbling empire of Glendale minister William Steuart McBirnie. Two other McBirnie-related organizations, the California Graduate School of Theology and Community Churches of America, have also filed for protection from creditors under the bankruptcy code.
Tenants at the Concord-Pasadena made national news in 1982 when they banded together to stop the proposed sale of the building, a move that would have cost them their federal rent subsidies.
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