- Florida A&M University is working to add to its on-campus housing capacity.
- FAMU is paying for the latest project to add 700 beds to campus with a 30-year federal loan.
- Read the FAMU news release below to see how this will give students more options.
FAMU NEWS RELEASE:
Florida A&M University (FAMU) signed a $97.5 million 30-year federal loan to finance construction of a new 700-bed student residence hall.
The funding is being done through the U.S. Department of Education’s Historically Black Colleges and Universities (HBCU) Capital Financing Program.
President Larry Robinson, Ph.D., joined with Chief Financial Officer/Vice President for Finance and Administration Rebecca W. Brown and other senior officials in the fourth-floor conference room of Lee Hall Tuesday morning to participate in a teleconference call for the signing. On the call were federal and state officials as well as representatives from the financial and legal firms involved in the completion of the deal. The new residence will increase the University’s on-campus housing capacity to more than 3,000 beds.