This is the fourth installment in a series examining five bipartisan bills advanced by the House Committee on Education and the Workforce on June 22, 2016 and approved by the full House of Representatives on July 11, 2016. While unlikely to be taken up by the Senate, the bills will help to frame the discussion for reauthorization of the Higher Education Act (HEA) in the upcoming 115th Congress.
The original post briefly summarizing all five bills was posted in Education Matters on June 24, 2016.
The HBCU Capital Financing Improvement Act (H.R. 5530), introduced by Reps. Alma Adams (D-NC) and Bradley Byrne (R-AL), is intended to increase access to capital by Historically Black Colleges and Universities (HBCUs) by making changes to the HBCU Capital Financing Program which provides low-cost capital to finance improvements to campus infrastructure at HBCUs. Acting as a loan guarantee program to finance repairs, renovations, and construction of critical campus buildings, the program receives contributions from 40 HBCUs and typically offers loans ranging between $10 million and $20 million. Continue Reading Renovating the Past, Constructing the Future: H.R. 5530