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The Board of Trustees of the City University of New York approved Monday the creation of the system’s first new community college in 43 years. The new institution, which has been in development since 2008, will adopt strict policies aimed at producing high student retention and graduation rates. All its students must enroll full time and take a predetermined core curriculum; they will have only 12 majors to choose from, all of them career-oriented.

The institution will open in Manhattan in the fall of 2012. It will initially enroll just 500 students, with the eventual goal of having up to 3,000. The Board of Trustees also approved the new community college’s first eight degree programs: associate’s degrees in business administration, energy services management, environmental science, health information technology, human services, information technology, liberal arts & sciences, and urban studies. Now that the trustees have approved the new college, the proposal goes to the New York State Board of Regents for final review of the institution and its initial set of academic programs.