Chancellor Reaves
Chancellor Donald J. Reaves of Winston-Salem State University has been appointed to serve on the Historically Black Colleges and Universities (HBCU) Capital Financing Advisory Board by U.S. Secretary of Education Arne Duncan.
The Board provides advice and counsel to the Secretary of Education and the designated bonding authority on the most effective and efficient means of implementing construction financing on HBCU campuses, and advises Congress regarding the progress made in implementing the program. Reaves’ term began immediately upon notification of the appointment and will end on September 30, 2013.
“I am honored by the appointment, as well as excited about the opportunity to work in this area of critical need for HBCUs around the nation,” Reaves said. “We focus a tremendous amount of attention on the academic efforts of our schools, as well we should. We cannot, however, underestimate the impact of our facilities and physical infrastructure on the quality of education we can provide.”
The HBCU Capital Financing Program was created by Congress in 1992 to provide low-cost capital to finance infrastructure improvements. Loans may be used for classroom and laboratory facilities, dormitory and dining, student centers, libraries, instructional equipment, research instrumentation and capital equipment or fixtures.
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