Jun 29 - Chelsea Investment Corp. and Serving Seniors honored by Affordable Housing Advocates

June 29, 2021

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Chelsea Investment Corp. and Serving Seniors honored by Affordable Housing Advocates

SAN DIEGO (June 29, 2021) – The collaboration between Chelsea Investment Corp. and Serving Seniors on the Mid-City Family and Senior Apartments in City Heights has been honored by Affordable Housing Advocates (AHA), a non-profit corporation that supports affordable housing for the poor through legal advocacy.

This honor was presented during AHA’s recent 30th Anniversary Virtual Celebration of Justice.  Since its founding in 1991, AHA has worked to save, improve, and increase the supply of rental housing in support of creating balanced neighborhoods.

This year’s award honors Chelsea and Serving Seniors “for its excellence in affordable housing and community development,” and specifically cites the intergenerational 195 affordable apartments for low-income families and seniors now under construction at 4340 44th St., where San Diego’s Kensington, Talmadge and City Heights neighborhoods connect.

Situated at the corner of Fairmount Avenue and El Cajon Boulevard, the $81 million development features two distinctive, contiguous five-story buildings above a semi-subterranean parking structure for its future residents. One building will provide 78 two- and three-bedroom rental apartments for families, while the adjoining building will offer 117 one-bedroom rental apartments for seniors. The 1.6-acre project was conceived in 2016, when Price Philanthropies Foundation retained Robert Wellington Quigley as executive architect to create the intergenerational campus scheduled to open in summer 2021.

“When we acquired the land at Fairmount and El Cajon in 2009, we knew that its strategic location on El Cajon Boulevard could, with careful planning and design, be the place of a transformational community-oriented development,“ said Robert E. Price, President of Price Philanthropies Foundation during virtual groundbreaking ceremonies in June 2020. “We are excited to see 195 units of family and senior housing available in the community at rates that ensure accessibility.“

In accepting the award from AHA, Serving Seniors President Paul Downey said, "Clearly, developing more affordability, particularly for low-income seniors, has to be an imperative for San Diego. People can’t afford housing and they’re going without.

"We are thrilled to receive this award. We will display it proudly. We want to thank Affordable Housing Advocates for selecting us, and we are delighted to be honored with our longtime partners Chelsea Investments.” 

Jim Schmid, Chelsea founder and CEO , acknowledged the collaboration with Serving Seniors which began 20 years ago with a 200-unit project in East Village.

“Serving Seniors never thinks small and we’re honored to team with them again for the Mid-City Apartments,” said Schmid. “I believe that the Price Philanthropies, Rob Quigley and Serving Seniors and Chelsea collaboration will provide a world class affordable project right here in City Heights.“

About Affordable Housing Advocates (AHA)

Now celebrating its 30th year, AHA is a nonprofit 501(c)(3) public benefit corporation that represents the poor through two projects:

  • Project IMPACT represents clients in their fight for housing justice by enforcing laws that require planning, funding and development of affordable housing and balanced communities; and
  • The Tenants’ Rights Project, which works to save rental housing and helps tenants in their fight for decent housing.

 For more information visit: affordablehousingadvocates.org

About Serving Seniors

Founded in 1970, Serving Seniors is a 501(c)(3) nonprofit organization based in San Diego, California, dedicated to serving low-income adults aged 60 and over. A leader in senior advocacy and programming, Serving Seniors has created an innovative model of comprehensive services including nutritional meals, housing, health and social services and lifelong learning opportunities to hundreds of seniors in need. It is the largest provider of meals to seniors in the county, and one of the only organizations in the nation providing such a robust range of services to vulnerable, at-risk older adults.

Serving Seniors President and CEO Paul Downey has been instrumental in the organization’s growth over the past 25 years. Since being appointed the role in 1995, Downey has guided the nonprofit’s innovative efforts to provide supportive services focused on keeping low-income seniors healthy and independent.

About Chelsea Investment Corp.

Since 1984, Chelsea has developed 11,369 units of affordable housing at a cost in excess of $2.5 billion. The firm’s development portfolio includes urban infill, mixed-use, suburban inclusionary, acquisition rehab and rural developments. The company is one of the few fully integrated affordable housing developers in the region that offers turnkey development, general contracting and property/asset management services. For more information, visit www.chelseainvestco.com.

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