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On the Hunt for Affordable Housing

CSUF Housing Authority Purchases Block of Condos

October 8, 2007

 

Campus members reacted swiftly and enthusiastically when the Cal State Fullerton Housing Authority announced that they were selling 18 newly-refurbished condominiums in La Habra. Eleven faculty and staff members placed reservations on the one and two bedroom units during a weekend open house held Sept. 22 and 23 and the other units are expected to sell by the end of the year.

Thanks in part to the mass purchase, the units are being sold at between $65,000 and $95,000 below market, said Bill Dickerson, executive director of the housing authority. Pricing for the units, located seven miles from campus, ranges from just under $200,000 for the smaller units to just over $300,000.

“We originally looked at the development in July 2006 but only recently were we able to finalize the deal and receive approval from the California State University Board of Trustees,” Dickerson said. “While the area around us is quite developed, the housing authority continues to seek out ways to offer affordable housing to our faculty and staff members.”

The CSUF Housing Authority is a special-purpose auxiliary established to oversee the development of affordable housing for the university. In June 2001, the authority broke ground on University Gables, on eight acres at the corner of Malvern Avenue and Dale Street in Buena Park. The property was sold to CSUF for $1 by the city of Buena Park after the county deeded it to the city for affordable housing. University Gables has 36 town homes and 50 detached homes.

In 2005, the housing authority received approval from the CSU Board of Trustees for the purchase of three acres of property from the Fullerton Elks Lodge. University Heights is a development of 42-paired homes ranging in size from 1,708- to 1,975-square-feet and is located three miles from the campus off Brea Boulevard east of Harbor Boulevard. Construction on the site is nearing completion with the first homeowners moving in sometime this month, said Dickerson. “We still have a few of the homes available for sale at University Heights and continue to hold monthly open houses.”

For more information about the CSUF Housing Authority, go to http://www.csufhomes.org.

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