01.05.18

Senator David Perdue Works To Strengthen Georgia’s HBCUs

WASHINGTON, D.C. – U.S. Senator David Perdue (R-GA), a member of the Bipartisan Congressional HBCU Caucus, joined Senators Cory Booker (D-NJ) and Tim Kaine (D-VA) to help improve the financial health of Historically Black Colleges and Universities (HBCU), some of our nation’s most critical higher education institutions.

Despite the fact that HBCUs provide educational opportunities to some of our nation’s most promising students, these institutions too often struggle financially. The HBCU Capital Financing Improvement Act would make technical changes to the HBCU Capital Financing Program, providing HBCUs access to capital financing or refinancing for the repair, renovation, and construction of campus infrastructure. These changes will allow more institutions to have access to the program, helping to offset disproportions faced by HBCUs in the private bond market.

“Georgia is home to 10 fantastic HBCUs that play an important role in educating America’s next leaders,” said Senator Perdue. “I am working to ensure all HBCUs in Georgia have the opportunity to get financial assistance for capital improvement projects that will only contribute to their positive impact on our state.”

Background

There are currently 10 HBCUs located in Georgia including Albany State University, Clark Atlanta University, Fort Valley State University, Interdenominational Theological Center, Morehouse College, Morehouse School of Medicine, Morris Brown College, Paine College, Savannah State University, and Spelman College. Senator Perdue has consistently worked to promote the interests of Georgia’s HBCUs in the U.S. Senate.