Campus: Cal Poly San Luis Obispo -- March 18, 2005
CSU Trustees Approve Cal Poly Faculty and Staff Housing Project
The California State University trustees gave final approval Wednesday for a
69-unit housing development for Cal Poly faculty and staff.
The approval means the Cal Poly Housing Corporation can now proceed with the
project, named "Bella Montaņa." The homes will be located on a 5.3 acre parcel of
land at the corner of Highland Drive and State Highway 1, across from the Highland
Drive entrance to campus. Cal Poly already owns the land and will offer the homes
at below-market cost to faculty and staff.
"This is a very important day for Cal Poly," said university President Warren J.
Baker. "Our recruiting efforts have increasingly been hampered by high costs in
the local housing market. We know that young faculty with families find it
particularly difficult to come to Cal Poly. This project will allow us to continue
to attract and retain the highest caliber faculty and staff and is the first step
in helping to meet the housing needs of our faculty and staff."
The $24 million Bella Montaņa project will offer 69 distinctively styled attached
homes with 10 different floor plans. The homes will be clustered within 21 buildings.
Construction is scheduled to start in April, and the first phase of homes should be
available for sale in early 2007.
Cal Poly conducted a survey of faculty and staff last fall that showed strong
interest in the project by those most recently hired at Cal Poly, said Executive
Vice Provost and Chief Planning Officer Linda Dalton, chair of the non-profit Cal
Poly Housing Corporation (CPHC). "Many new faculty now commute long distances to
work in order to live in housing they can afford. We selected this site so that
faculty and staff living there will have easy access to the campus core. They'll
be able to walk to work," Dalton said.
"The CPHC is following in the footsteps of well-established and successful employee
housing programs at UC Irvine, CSU Fullerton, Monterey Bay, and Channel Islands.
Programs of this type are structured to provide home ownership opportunities at
below-market prices to initial buyers, as well as buyers in the future," she said.
Contact: Jim Reinhart, Managing Director, Cal Poly Housing
Corporation, (805) 756-1131