What is being called "an outstanding example of a cooperative town-and-gown relationship between a university and neighboring municipal government" is enabling a new type of on-campus housing to be built at Cal Poly Pomona by next fall.
Known as University Village, the $3.4-million project, which will house 400 people, is being built by Mark A. Temple Construction of Palm Springs with no federal or state funds but by tax-exempt, multifamily housing revenue bonds issued by the city of Pomona.
A nonprofit auxiliary organization of the university, Cal Poly Kellogg Unit Foundation Inc., is responsible for administering repayment of the bonds, and First Interstate Bank's Pomona office is supplying a letter of credit. The trustee is Seattle First National Bank, a wholly owned subsidiary of Bank of America.
Designed by architects Perez & Hurtado and designer Frank Gonzales & Associates, both of Orange, the project will consist of 12 two-story buildings with eight units in each, and a single-story building of four units in a satellite pattern around a central quad on 8.3 acres.