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Chelsea Investment Corp

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SDSU chooses developer for affordable housing at Mission Valley campus.
housing3 years ago

SDSU chooses developer for affordable housing at Mission Valley campus.

San Diego State University has selected Chelsea Investment Corp. to build 182 income-restricted apartments at its Mission Valley campus. The seven-story building will feature units reserved for families making between 30% and 60% of the area median income, with construction expected to begin in 2025. The project also includes a child care facility and the potential for an additional 109 subsidized residential units in a second phase. SDSU purchased the Mission Valley site in 2020 and is required to set aside 10% of total residential units for low-income families making 60% or less of the area median income.