Historically Black College and University Capital Financing Advisory Board

Stored: Historically Black College and University Capital Financing Advisory Board

Historically Black College and University Capital Financing Advisory Board Type: Boards, Commissions, and Committees Parent organization: Department of Education Top organization: Department of Education Employees: 15 Executive: Chair Budget: Address: 400 Maryland Avenue SW, Washington, DC 20202, United States Website: https://www2.ed.gov/programs/hbcucapfinance/resources.html Creation Legislation: Higher Education Act of 1965, as amended under Title III, Part D Wikipedia: Historically Black College and University Capital Financing Advisory Board

Historically Black College and University Capital Financing Advisory Board [{"name":"Historically Black College and University Capital Financing Advisory Board","title":"\u003Ca class=\"mw-selflink selflink\"\u003EHistorically Black College and University Capital Financing Advisory Board\u003C\/a\u003E","lat":38.89511,"lon":-77.03637,"otherValues":{"HeadquartersAddress":"400 Maryland Avenue SW, Washington, DC 20202, United States"}}] This map created from a Cargo query ()

Mission HBCU Capital Financing Advisory Board advises on construction financing for HBCUs, enhancing infrastructure and education opportunities.

Services Advisory services; Financing strategy; Program oversight

Regulations

The Historically Black College and University Capital Financing Advisory Board assists in managing the HBCU Capital Financing Program, which provides low-cost capital to finance improvements to the physical infrastructure of HBCUs. The board offers strategic advice on how to best utilize federal funds to support these institutions' growth and sustainability.

Official Site

Mission

The board's mission is to ensure HBCUs can access necessary financial resources for capital projects, thereby enhancing the educational environment, supporting institutional development, and ensuring long-term viability. It advises on financing strategies, program administration, and the prioritization of projects that contribute to the mission of these institutions.

Parent organization

This advisory board operates under the U.S. Department of Education, specifically within the Office of Postsecondary Education.

Legislation

The board was established by the Higher Education Act of 1965, with its role defined under Title III, Part D, which authorizes the HBCU Capital Financing Program.

Partners

• HBCUs participating in the financing program
• Designated Bonding Authority (DBA) responsible for issuing bonds
• Federal agencies involved in educational funding
• Financial institutions and stakeholders in educational development

Number of employees

The board consists of 15 members, appointed by the Secretary of Education, including HBCU presidents, educational leaders, and relevant stakeholders.

Organization structure

Members are selected to represent various aspects of HBCU administration, finance, and strategic development.

Leader

The board is led by a Chair, appointed to oversee meetings and lead advisory efforts.

Divisions

There are no formal divisions, but the board might organize into:

• Subcommittees for specific focus areas like project evaluation, financing strategy, or regulatory compliance.

List of programs

• Advising on the implementation of the HBCU Capital Financing Program
• Recommendations on loan terms, project prioritization, and financial management
• Oversight and evaluation of program effectiveness and outcomes

Last total enacted budget

The budget for the board's operations is not publicly specified; it's part of the broader funding for the HBCU Capital Financing Program.

Staff

The board does not have dedicated staff; it is supported by Department of Education personnel.

Funding

Funding for the board's activities is included in the allocations for the HBCU Capital Financing Program under the Department of Education.

Services provided

The board provides strategic advice on how to best distribute and manage capital financing to support infrastructure projects at HBCUs, ensuring these institutions can offer quality educational environments.

Regulations overseen

While not directly overseeing regulations, the board's recommendations influence how the HBCU Capital Financing Program operates, potentially affecting regulations related to loan terms, project eligibility, and financial oversight.

Headquarters address

400 Maryland Avenue SW, Washington, DC 20202, United States

History

Since its establishment by the Higher Education Act, the board has played a crucial role in the development and enhancement of HBCU campuses, advocating for and guiding financial resources to where they are most needed for physical infrastructure improvements.

External links

• Official Advisory Board Resources
• wikipedia:Historically Black College and University Capital Financing Program