Howard University Announces Initial Closing of $500 Million Deal to Further Enhance Student Housing Experience
Courtesy of Howard University Howard University has closed on a $316 million tax-exempt bond transaction that enhances the student experience, addresses critical housing facility needs, and assures student residential environments commensurate with top-ranked higher education institutions. This debt consolidation into a single financing represents the initial funding infusion of up to $500 million for a portfolio of student housing facilities including the Howard Plaza Towers, Charles R. Drew Hall, George W. Cook Hall, Harriet Tubman Quadrangle, and The Axis at Howard. These efforts align with the Howard Forward Strategic Plan and the University’s Central Campus Master Plan. Simultaneously, Howard consolidated management of the entire housing portfolio under a first-class