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HBCU Capital Financing Program
This program was enacted in recognition of the prominent role of Historically Black Colleges and Universities in American history and to address their tremendous need for capital improvements and the general lack of access to traditional funding sources. The goal of the program is to provide low cost capital to finance improvements to the infrastructure of the nation’s HBCUs to enable them to continue and expand their educational mission and enhance their significant role in American higher education.
The Program was authorized under title III, part D of the Higher Education Act of 1965 The Historically Black College and University (HBCU) Capital Financing, as amended (HEA) (20 U.S.C. 1066 et seq.). Under this program, the U.S. Department of Education provides financial insurance to guarantee up to $375,000,000 in loans and interest to qualifying HBCUs for specified kinds of capital projects. To date, all bonds issued have been purchased by the Federal Financing Bank of the U.S. Treasury.
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