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UCI Unveils $165M Housing Development

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Source: Orange County Business Journal

A $165 million student housing project at UCI will add 1,065 beds for continuing undergraduate students, with rents projected to be about 34% below market rates. The project, funded through a public-private partnership, is part of UCI’s broader effort to expand campus housing amid growing student demand. UCI’s long-term development plan calls for housing 60% of its student population on campus. The university currently has about 18,000 beds and plans to increase that to 22,000. The university broke ground on two, six- to seven-story apartment buildings on the east side of campus. The units will serve sophomores, juniors and seniors, who generally do not have a housing guarantee beyond their initial two years. The university guarantees housing for undergraduates for first-year and transfer students who live on campus the entire academic year. Certain graduate students, including those pursuing PhD and Master of Fine Arts degrees, also receive housing guarantees.

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Read the original at Orange County Business Journal

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