Company Milestones
2022
BIA San Diego - Best Affordable Community of the Year for Saint Teresa of Calcutta Villa
MFA Housing New Mexico - Affordable Housing Developer of the Year
San Diego Housing Federation Ruby Award - “Project of the Year for New Construction Award for Project more than 100 Units” - Saint Teresa of Calcutta Villa
Ranked 20th in “Top 50 Affordable Housing Developers” in the nation, and Top-Ranked Affordable Housing Developer Headquartered in California – Affordable Housing Finance
2021
James Schmid recipient of LEAD Visionary Awards – Innovation & Economic Opportunity Award - San Diego Regional Chamber of Commerce
2019
11th Largest Developer of New Affordable Housing in the Nation – Affordable Housing Finance
BIA Icon Award – Best Affordable Community of the Year – Alpha Lofts
2018
Builder of the Year – BIA San Diego Icon Awards
2018
Chelsea completes its 10,000th affordable apartment.
2017
Chelsea completes its 100th affordable community; Villa Storia at Mission Lane in Oceanside, CA.
2016
Jim receives San Diego's Most Influential Business Leaders Award.
2015
Chelsea and Emmerson are awarded San Diego Builder of the Year by the BIA. Chelsea is the 16th largest affordable housing developer in the country.
2014
Chelsea completes its first Riverside County project: Cesar Chavez Villas in Coachella.
Border Communities Capital Company, the Company’s New Markets Tax Credit affiliate, completes $100 million of NMTC financing.
2013
Chelsea completes Park Place, its first affordable housing project in New Mexico.
2012
Charles Schmid is named President of Emmerson Construction, Inc.
2011
Cheri Hoffman becomes President of Chelsea Investment Corporation.
Chelsea completes CityPlace, its first Kern County project, located in Bakersfield.
2007
Groundbreaking kicks off construction for 16th and Market, CIC’s first high rise affordable project in a joint venture with St. Vincent De Paul.
2006
Affordable housing units now total more than 4200 units at a cost of $650 million.
2005
Construction begins on 204 unit Fairbanks Ridge complex, developed at a cost of $50 million.
2003
Border Communities Capital Company, an affiliate of CIC, receives an allocation of $50 million of New Markets Tax Credits.
2001
Completion of first inclusionary affordable housing project — 440 unit Teresina Apartments in Chula Vista, California.
1996
First Special Needs affordable housing project is financed on behalf of St. Vincent de Paul — 350 unit Paul Mirable Center in San Diego, California.
1994
First historic rehabilitation completed — Hotel San Carlos in Yuma, Arizona.
1992
First affordable housing project in partnership with the Imperial Valley Housing Authority completed — Hatfield Homes in Brawley, California.
1986
The company is restructured and incorporated as Chelsea Investment Corporation.
1984
Chelsea Properties is founded to develop garden apartments and office buildings; the company is named after Jim and Lynn Schmid's oldest daughter.