So go ahead and paint with regular house paint or in this situation (around the foundation) you might want to get a paint formulated for concrete. So in the process of repairing this stucco wall and sealing the stucco cracks we have performed essential stucco maintenance, because leaving cracks in your stucco lets moisture into the infrastructure of your house and that is never good. It can cause all kinds of problems including making your stucco even more likely to crack.
Here is the product I used on these jobs. It works quite well:
Dap 60811 Phenopatch Pre-Mixed Stucco Patch, 32-Ounce
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