The Housing Program at CSU provides residential facilities for students.
The State Dormitory Construction Fund was established under the State Revenue Bond Act of 1947 and bonds were initially sold to support the construction of campus housing facilities. In 1957, the legislature approved a residence hall program, which was financed by both state and federal funds. Today the Housing Program is a self-supporting program deriving its revenues primarily from fees collected for the use of the residence facilities. Funds are used for current operating expenses, maintenance and repair, improvements to facilities, and interest and principal payments on outstanding bonds. After payment of all authorized charges, the balances in any of these funds remain available for future program expenses.
The 2010/11 CSU campus operated housing program design capacity is projected to total 39,190 spaces. In certain campuses, housing facilities are operated by Auxiliary Organizations.
The total projected revenue for fiscal year 2010/11 provides approximately $316.7 million for housing operations. From this amount, approximately $97 million is used for debt service for payments of principal and interest on revenue bonds issued to finance construction of student housing and major renovations.
CSU Campus-Operated Housing Program Design Spaces by Campus
|Campus1||Actual 2008/09||Budgeted 2009/10||Projected 2010/11|
|San Luis Obispo||5,110||6,280||6,280|
1 Housing facilities at the Fresno,
Monterey Bay and San Marcos campuses are operated byAuxiliary Organizations.