Student Housing of America, Inc. (SHA) works hand in hand with HBCUs, corporate partners, and like-minded organizations to address student housing needs and provide for students’ well-being. Properties have been developed for students near Southern University and Albany State University. Yet, we would like to do more!
Maintaining adequate student housing is an issue for most Historically Black Colleges and Universities (HBCUs). This is largely due to historic underfunding and the lack of investment in these institutions. In recent years, increasing enrollments at HBCUs have only exacerbated the student housing problem.
Organizations like SHA face barriers to developing student housing for HBCUs. For instance, most HBCUs lack the resources to fund new housing as well as have modest endowments upon which to draw to support student housing development. Other barriers include requirements to qualify for financing through Fannie Mae and Freddie Mac student housing programs.
One of the main criteria for both of the aforementioned programs is a population of 10K students. There are 107 HBCUs nationwide, and about 50% have 2,500 or fewer students. HBCUs with enrollments at or above 10K include: North Carolina A&T State University, Howard University, Prairie View A&M University, and Florida Agricultural and Mechanical University. Thus, there are significant limitations to the broad access of Fannie Mae and Freddie Mac student housing programs for the vast majority of HBCUs.
The Historically Black College and University Capital Financing Program offered through the U.S. Department of Education has been generally more accessible to HBCUs. However, this program is not solely focused on student housing development. However, institutions such as Southern University, Dillard University, and Fisk University are recent recipients of student housing development financing.
SHA recently announced its HBCU Healthy Housing Initiative (H3). Through this initiative, we partner with HBCUs to renovate distressed properties near college campuses. SHA’s mission is to help students be successful throughout their college careers by providing safe and affordable housing designed for their scholastic needs and creating a positive environment for academic achievement through our various support programs.
Student Housing of America, Inc. is a 501(c)(3) non-profit organization created to serve the needs of HBCU college students. We support our mission through affordable student housing ownership and financial support from donations and sponsorships. Revenue from our properties and donations help fund our student support programs. Sponsorships help finance SHA HBCU and student events and activities.
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