The University of California Santa Barbara’s new chancellor just got a housing upgrade. The Board of Regents’ recently purchased a multimillion-dollar home for Chancellor Dennis Assanis.
On October 23, the regents approved the purchase of a new UCSB chancellor residence “with a price not to exceed $8.3 million,” according to Stett Holbrook, associate director of strategic and critical communications for the UC Office of the President.
“The purchase will be funded with external financing, and donor funds will be used to pay off the debt,” he said. No state funds or student tuition dollars were used for the purchase…