Affordable Housing Finance Magazine
Top 20 Developers
May 2009
BIA Big Award
Building Industry Association of San Diego
Honoring Project Managers Cheri Hoffman and Wally Dieckmann
July 2008
NAHRO Award of Merit
September 2007
Award in Housing and Community Development
Fairbanks Ridge
Inc 500 Award
August 2007
Ranked #397
Fastest Growing Privately Held Companies in America
San Diego Housing Federation
June 2007
Housing Project of the Year- Inclusionary
Fairbanks Ridge
Affordable Housing Finance Magazine
June 2007
Readers Choice Award
Master Planned/Mixed Use Finalist
Fairbanks Ridge
Affordable Housing Finance
May 2007
Chelsea Investment Corporation ranks in the Top 20 affordable housing developers in the country by Affordable Housing Finance magazine.
City Heights Square
November 2006
City Heights Square senior housing celebrates “Topping Off”, marking the completion of the building’s concrete structure.
Fairbanks Ridge
June 2006
Construction is completed on the 204-unit Fairbanks Ridge Apartment project at a cost of $50 million, the largest inclusionary housing project in San Diego County.
Hunters Pointe
June 2006
Groundbreaking is celebrated at Hunters Pointe, a 168 unit affordable housing project that will be developed at a cost of $53.2 million. This inclusionary housing project is located in La Costa, CA.
Border Communities Capital Company
April 2006
BCCC has entered into a $48 million financing agreement with the Bank of America Community Development Bank for investments that will stimulate economic development in low-income census tracts.
Affordable Housing Associates
April 2006
Members of AHA have chosen Jim Schmid and Chelsea Investment Corporation as their recipient of the “Celebration of Justice” Award. This honor credits their development of affordable, inclusionary housing in San Diego County.
Award Winning Energy Conservation
April 2006
We currently make use of solar energy to reduce the electricity and natural gas requirements now needed to operate lighting and equipment in common areas.
The Fairbanks Ridge project, presently under construction, uses a 120 kW carport mounted solar PV system to offset almost all house electrical loads, and a solar thermal heating system intended to offset much of the heating loads for the laundries and swimming pool.
City Heights
March 2006
CIC and Senior Community Centers, mark groundbreaking at the $32 million, 150 unit seniors’ project in the City Heights community. This project will provide housing for clients of Senior Community Centers.
16th and Market
February 2006
Development begins on St. Vincent de Paul 12 story, 136 unit family project to be constructed at 16th and Market in downtown San Diego. This is the first affordable housing project developed as a high rise building in San Diego and will satisfy the inclusionary requirements of Ball Park Village. The $70 million project will include MHP financing, 4% tax credits and tax exempt bond financing.