FAMU President Welcomes Passage of COVID-19 Aid Package


Venom Skywalker

S. Enigma
Florida University A&M University (FAMU) welcomes passage of the Omnibus Appropriations and Emergency Coronavirus Relief Act and foresees many positives impacts it will have on citizens, communities and institutions around the nation. With regards to institutions of higher education, FAMU along with many Historically Black Colleges and Universities (HBCUs) are extremely pleased with the HBCU Capital Finance Debt Relief Act, which is included in the end of the year omnibus spending bill.

The HBCU Capital Financing Loan program provides some $1.34 billion in relief to HBCUs. FAMU will receive $111 million in debt forgiveness as part of the federal coronavirus relief package adopted by Congress. That includes $56 million in construction financing for the central energy plant, dining hub and the FAMU Towers residence hall, as well as $55 million in refinanced housing bonds.

 
To date, the HBCU Capital Financing Program has originated 62 loans to 43 HBCUs (10 public HBCUs and
33 private HBCUs). The loan amounts range from $3.5 million to $165 million per institution. Below are the
loan awards listed by calendar year.

2020
Morgan State University – $69,750,000
Meharry Medical College – $48,500,000
Xavier University of Louisiana – $100,000,000

2019
Johnson C. Smith University – $18,000,000
The University of the Virgin Islands – $47,000,000
Florida Memorial University – $44,000,000
Alabama Agricultural and Mechanical University – $70,000,000
Florida Agricultural and Mechanical University – $125,700,000

2018
Southern University at Baton Rouge – $27,000,000
Morgan State University – $25,000,000
Morehouse College – $45,000,000
Alabama State University – $152,000,000

2017
Morehouse School of Medicine – $27,500,000
Southern University at Shreveport – $12,500,000
Tuskegee University – $28,000,000

2016
Grambling State University – $100,000,000
South Carolina State University – $36,600,000
Jarvis Christian College – $25,000,000

2015
Livingstone College – $48,000,000
Alabama Agricultural and Mechanical University – $96,000,000
T.A. Lawson State Community College – $21,000,000
Philander Smith College – $14,727,000
The University of the Virgin Islands – $19,000,000

2014
Arkansas Baptist College – $30,035,000
Texas College – $19,000,000
Johnson C. Smith University – $26,150,000
Voorhees College – $18,500,000
Grambling State University – $7,500,000
St. Augustine's University – $23,000,000
Morehouse College – $19,000,000
Philander Smith College – $10,900,000
Benedict College – $56,000,000
Claflin University – $30,000,000
Hampton University – $60,065,000
Clark-Atlanta University – $14,025,000

2012
Stillman College – $40,000,000
Texas Southern University – $60,000,000
Meharry Medical College – $60,000,000
LeMoyne Owen College – $13,450,000
Florida Memorial University – $16,060,000
Virginia Union University – $17,000,000
Huston Tillotson University – $17,850,000

2011
Texas Southern University - $64,180,000
University of the Virgin Islands - $60,000,000
Wiley College - $24,400,000

2010
Wilberforce University - $24,552,000
Tuskegee University – $68,000,000
Bennett College for Women - $9,500,000
Harris Stowe State University – $17,315,000
Lane College - $29,000,000
Shaw University - $30,100,000

2009
Florida Memorial University - $28,000,000
Bennett College for Women - $21,000,000
Talladega College - $12,000,000

2007
Southern University at New Orleans - $44,000,000
Tougaloo College - $28,560,000
Xavier University of Louisiana - $165,000,000
Dillard University - $160,000,000
Allen University - $19,000,000
Tuskegee University - $28,000,000
Clark-Atlanta University – $20,000,000

2006
Harris Stowe State University - $15,500,000

2005
South Carolina State University - $42,000,000

2004
Miles College - $7,835,000
Tuskegee University - $12,056,000
Shaw University - $10,015,000

2003
Clark-Atlanta University - $23,905,000
Livingstone College - $13,000,000

2002
Virginia Union University - $8,218,000
Tuskegee University - $23,875,000

2001
Bennett College - $8,700,000

2000
Barber-Scotia College - $7,000,000

1999
Lincoln University - $13,850,000
Bethune-Cookman College - $15,500,000
Tougaloo College - $8,200,000

1997
Bethune-Cookman College - $4,795,000

1996
West Virginia State College - $3,500,000
 
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