(Loan Safe) — U.S. Housing and Urban Development Secretary Shaun Donovan today awarded $7.4 million to 10 historically black colleges and universities to help revitalize neighborhoods, promote affordable housing and stimulate economic development in their communities. The funding announced today is provided through HUD’s Historically Black Colleges and Universities (HBCU) Program. Donovan made the announcement to the Congressional Black Caucus’ Annual Legislative Conference in Washington.
“All across this country, historically black colleges and universities are cultivating young minds and helping to revitalize local communities,” said Donovan. “I’m proud that HUD can be an important partner to assist these institutions of higher education in their efforts to strengthen our nation’s communities.
