• Master Developers
  • Ball Park Village
  • Black Mountain Ranch, LLC
  • Brookfield Homes
  • Centex Homes
  • Greystone Homes (now Lennar)
  • Corky McMillin Companies
  • Morrow Development
  • Pardee Homes
  • Shea Homes
  • Taylor-Woodrow Homes
  • The Eastlake Company, LLC

• Redevelopment Agencies
  • Bakersfield Redevelopment Agency
  • Calexico Redevelopment Agency
  • Carlsbad Redevelopment Agency
  • Centre City Development Corporation
  • Chula Vista Redevelopment Agency
  • City of Imperial Redevelopment Agency
  • National City Community Development Commission
  • Redevelopment Agency of Imperial Beach
  • Sacramento Housing and Redevelopment Agency
  • San Diego County Department of Housing and Community Development
  • San Diego Housing Commission
  • San Diego Redevelopment Agency

• Non-Profit Clients
  • Alpha Project
  • Colette's Childrens Home
  • Comite de Bienestar
  • David and Margaret Homes
  • Pacific Southwest Community Development Corp.
  • Senior Community Centers of San Diego
  • Southern California Housing Collaborative

• Investors
  • Bank of America Community Development Bank
  • JP Morgan Chase
  • MMA Financial, LLC
  • Municipal Capital
  • Appreciation Partners Funds
  • Red Capital Markets, Inc.
  • Simpson Housing Solutions, Inc.
  • The Richman Group
  • Raymond James

• Lenders
  • Bank of America Community Development Bank
  • California Community Reinvestment Corp.
  • Charter Mac
  • Provident Bank
  • Rabobank
  • Security Business Bank
  • US Bank

“As a consultant who works with various developers in obtaining financing for affordable housing developments, it has been my pleasure to have worked with Jim Schmid and his team at Chelsea Investment Corporation over a period of 15 years on a host of housing developments in California and Arizona. During that time, I have developed a tremendous respect for Jim and CIC who have always been thoroughly professional, imaginative, and of high integrity. Jim is one of the few private developers I know who tackles very tough special needs projects. He cemented my high opinion of him when he acted — well beyond the responsibilities set out in his contract — to help our mutual client find another contractor to finish the construction started by a company that unexpectedly when out of business, thereby saving the affordable housing project.”

Renée Franken, President, Renée Franken & Associates, Inc.
Tax Credit Consultant

“‘Home is where [we] start from.’ It gives us sustenance and comfort, and teaches us our first lessons about who we are, and our place in the world. Affordable Housing Advocates honor and thank James J. Schmid and Chelsea Investment Corporation for developing Fairbanks Ridge, Mariposa, The Crossings and Windwood Village Apartments. These projects include extremely low income affordable housing as part of larger, inclusive communities in San Diego County.”

“With these developments, Jim and Chelsea help to teach the families lucky enough to call these apartments ‘Home,’ some of the first lessons of home: That you matter, that you are accepted, and that you belong.”

Catherine A. Rodman, Director and Supervising Attorney at the 15th Anniversary Celebration of Justice, April 19, 2006
Honoring James J. Schmid and Chelsea Investment Corporation
Quote from T. S. Eliot, 1940

“We have enjoyed a 6 year relationship with Chelsea Investment Corporation, starting in 2000 when we financed a small, 38 unit property in San Diego. Since that time, we have provided approximately $46 million of equity financing for 11 properties totaling 820 units for low income families in San Diego and Imperial Valley. Our experience with the Chelsea team has been excellent. Their leadership team is focused, sophisticated and extremely knowledgeable about this industry and how to bring deals to life. We are fortunate to count them as one of our partners.”

Catherine Talbot
MMA Financial

“The Richman Group Affordable Housing Corporation would like to recognize Jim Schmid and Chelsea Investment Corporation for their valuable work for individuals in need of low income housing. It does not seem a coincidence that two of Jim’s passions, affordable housing and sailing, share a likeness. You set out on a predetermined path to get from start to finish, but it takes constant refinement to stay on course. Projects such as the Toussaint Teen Center, which now provides transitional housing, education, food healthcare and counseling for previously homeless teenagers, are a testament to Chelsea’s ability to innovate and persist towards a final destination.”

“The Richman Group Affordable Housing Corporation is privileged to have a long partnership with Chelsea and we wish Jim and his team continued success.”

Terry Gentry
Vice President
The Richman Group