San Diego State to build 182 affordable apartments on campus

San Diego State University plans to build its first-ever income restricted apartments and has selected Chelsea Investment Corp. as the developer, The San Diego Union-Tribune reported.

SDSU announced Monday that the Carlsbad-based affordable housing developer has been tapped for the project, which will be on the university’s Mission Valley campus. The building’s units will be reserved for families making between 30% and 60% of the area’s median income, according to the Union-Tribune.

“SDSU has always been committed to the inclusion of affordable housing on-site at Mission Valley. In partnership with Chelsea, which has strong experience and success in developing similar projects, we are taking a big step toward fulfilling our long-standing commitment,” Gina Jacobs, an associate vice president at SDSU, said in a statement.