As part of that plan, the university has constructed additional dorms and has tried to make campus life more desirable. In July 2011, a company created from a Senior Project, Punchd, was acquired by Google. Image.  In addition, the William and Linda Frost Center for Research and Innovation, a $124 million interdisciplinary research center, broke ground in May 2019. , There are five distinct groups of residence halls on the Cal Poly campus.  In 2017, the median home price in San Luis Obispo was $530,000. It's one among 20 public institutions in the U.S. with this negative distinction.. The six "red-brick" halls were completed shortly afterward in 1959. According to PayScale's projections, Cal Poly has a 20-year net return on investment of $716,000. , As of April 17, 2018[update], Greek Life has been suspended indefinitely by the university following a number of racial controversies, the most recent of which being the 2018 Cal Poly Blackface Incident. The program started in 1956 and is now the largest volunteer orientation program in the nation. The Greek community consists of three governing councils at Cal Poly: United Sorority and Fraternity Council (USFC), Interfraternity Council (IFC), and Panhellenic Association (PHA). From 1938 to 1966 the California Polytechnic (Cal Poly) intermittently operated as one institution in up to three different locations: Pomona, San Dimas and San Luis Obispo. The ranch provides educational and research opportunities, encompasses rangeland, livestock, and forestry operations for the College of Agriculture, Food, and Environmental sciences, and fosters Cal Poly's Learn by Doing teaching philosophy of with emphasis on sustainable management of agricultural practices with a mix of laboratory experiments. , In 2018, the Lambda Chi Alpha fraternity was suspended following a photo surfacing that showed a student wearing blackface. The institution began to offer Bachelor of Arts degrees in 1940, with the first baccalaureate exercises held in 1942. As a result, changing majors at the university is not guaranteed. The Poly Canyon Village housing complex, with a similar style as the Cerro Vista apartments, was completed in 2009 at a cost of $300 million, making it the California State University system's largest construction project to date.. In 1924, Cal Poly San Luis Obispo was placed under the control of the California State Board of Education.  The city of San Luis Obispo is 84.5% white. All buildings house students of all majors.  The Center adds new laboratories, classrooms, and offices for the physics, chemistry and soil science programs, as well as an open area and terraces for student study and meeting places. Though generally regarded as a positive for the area due to the economic impact, Cal Poly has received criticism for both the behavior of students upsetting the community, and the effects on local housing market. Parties and gatherings have gotten wilder due to an increased student body size and social media presence, leading to the university being named the #9 party school in California by Niche. Cal Poly requires students to declare a major when applying for admission, and the university then admits the most competitive applicants within each major based on GPA and SAT or ACT scores. , Cal Poly has more than 150,000 alumni with the majority located in San Luis Obispo, Santa Clara and Los Angeles counties.  Loans comprised 55.6% of the financial aid, 31.2% came in the form of grants, and 10.2% in scholarships. Part of the Cal Poly property is the Swanton Pacific Ranch, a 3,200-acre (1,300 ha) ranch located in Santa Cruz County, California, outside the town of Davenport. Though generally regarded as a positive for the area due to the economic impact, Cal Poly has received criticism for both the behavior of students upsetting the community, and the effects on local housing market. The Mustangs play college rugby in the California conference of Division 1-A.