Very detailed article about a lot of stuff, but the LBSU housing piece is close to the bottom of the page. In short, it appears the CSU is benefitting from the state budget surplus and building student housing without having to issue bonds. It's basically an unexpected windfall and I'm not sure Janey is ready to release any specifics on the project.

https://calmatters.org/education/higher-education/2022/07/student-housing-affordable-dorms/