FACACLASSIC

Note: An Annual Comprehensive Review, as required by §7 of the Federal Advisory Committee Act, is conducted each year on committee data entered for the previous fiscal year (referred to as the reporting year). The data for the reporting year is not considered verified until this review is complete and the data is moved to history for an agency/department. See the Data From Previous Years section at the bottom of this page for the committee’s historical, verified data.

Details on agency responses to committee recommendations can be found under the Performance Measures section for each committee in the fields “Agency Feedback” and “Agency Feedback Comment.”

ED - 232 - Historically Black Colleges and Universities Capital Financing Advisory Board - Statutory (Congress Created)

GENERAL INFORMATION

Committee Name	Historically Black Colleges and Universities Capital Financing Advisory Board	Agency Name	Department of Education
Fiscal Year	2025	Committee Number	232
Original Establishment Date	1/1/1992	Committee Status	Chartered
Actual Termination Date		Committee URL	https://www2.ed.gov/about/bdscomm/list/hbcu-fin...
Actual Merged Date		Presidential Appointments*	No
New Committee This FY	No	Max Number of Members*	11
Terminated This FY	No	Designated Fed Officer Position Title*	Executive Director Capital Financing
Merged This FY		Designated Federal Officer Prefix
Current Charter Date	2/28/2023	Designated Federal Officer First Name*	Donald
Date Of Renewal Charter	2/28/2025	Designated Federal Officer Middle Name
Projected Termination Date		Designated Federal Officer Last Name*	Watson
Exempt From Renewal*	No	Designated Federal Officer Suffix
Specific Termination Authority		Designated Federal Officer Phone*	(202) 453-6166
Establishment Authority*	Statutory (Congress Created)	Designated Federal Officer Fax*	(202) 453-6166
Specific Establishment Authority*	20 U.S.C. 1066	Designated Federal Officer Email*	donald.watson@ed.gov
Effective Date Of Authority*	10/1/1992
Exempt From EO 13875 Discretionary Cmte	Not Applicable
Committee Type*	Continuing
Presidential*	No
Committee Function*	Non Scientific Program Advisory Board

RECOMMENDATION/JUSTIFICATIONS

Agency Recommendation*	Continue
Legislation to Terminate Required	Yes
Legislation Status	Enacted
How does cmte accomplish its purpose?*	The Historically Black Colleges and Universities (HBCU) Capital Financing Advisory Board (Board) provides advice and counsel to the Secretary and the Designated Bond Authority (DBA) as to the most effective and efficient means of implementing construction financing on the campuses of HBCUs and to advise Congress regarding the progress made in implementing the program.
How is membership balanced?*	The membership of the Board, as required by the authorizing legislation, is composed of 11 individuals, including three public and three private HBCU presidents, the executive director of the White House Initiative on Historically Black Colleges and Universities, presidents of three professional organizations concerned with the education of black Americans, and the Secretary or Secretary's designee. The group therefore provides a broad and balanced view of the needs of HBCUs and the ways that the HBCU Capital Financing Program can be enhanced.
How frequent & relevant are cmte mtgs?*	The Board met once in fiscal year 2025.
Why advice can't be obtained elsewhere?*	The Board is supported by the U.S. Department of Education and the Board members provide advice/recommendations on behalf of the constituents of the HBCU Capital Financing Program. The Board also provides a combination of HBCU concerns, expertise in higher education, and knowledge of the financial skills that are not available in other existing groups.
Why close or partially close meetings?	Not Applicable
Recommendation Remarks	The Board met once in fiscal year 2025. The Board is authorized by Title III, Part D, Section 347 of the Higher Education Act of 1965, as amended. Members may continue to serve until a successor is appointed. Appointment of Board members and a Chairperson by the Secretary is pending. as well as renewal of the Board's Charter. GSA Comment: The agency did not complete the FY24 ACR for this committee.

PERFORMANCE MEASURES

Outcome Improvement To Health Or Safety*	No	Action Reorganize Priorities*	No
Outcome Trust In Government	No	Action Reallocate Resources	No
Outcome Major Policy Changes	No	Action Issued New Regulations	No
Outcome Advance In Scientific Research	No	Action Proposed Legislation	No
Outcome Effective Grant Making	No	Action Approved Grants Or Other Payments	No
Outcome Improved Service Delivery	No	Action Other	No
Outcome Increased Customer Satisfaction	No	Action Comment	Not Applicable
Outcome Implement Laws/Reg Requirements	No	Grants Review*	No
Outcome Other	No	Number Of Grants Reviewed	0
Outcome Comment	Not Applicable	Number Of Grants Recommended	0
Cost Savings*	Unable to Determine	Dollar Value Of Grants Recommended	$0.00
Cost Savings Comment	Not Applicable	Grants Review Comment	Not Applicable
Number Of Recommendations*	26	Access Contact Designated Fed. Officer*	Yes
Number Of Recommendations Comment	The Board has made 26 recommendations since its existence. Three of those recommendations were made in 2010, nine recommendations were made in 2011, seven recommendations were made in 2012. No recommendations were made in 2013 or 2014. The Board made one new recommendation in FY 2015. The Board did not meet in 2017. However, the Board did make three recommendations in 2018. The Board did not meet during fiscal years 2019, 2020, 2021, 2022, 2023, or 2024. The Board did meet in fiscal year 2025 and made three recommendations, which were to: 1) make New Market Tax Credit an eligible capital project or allow HBCU Capital Financing Program funds to be part of a CDE for an eligible project; 2) New Market Tax Credit (NMTC)be an eligible capital project or allow HBCU Capital Financing Program funds to be part of a CDE for an eligible project; and 3) explore possible program changes to support financing "small" institutions.	Access Agency Website	Yes
% of Recs Fully Implemented*	19.00%	Access Committee Website	No
% of Recs Fully Implemented Comment	With regard to the nine recommendations that the Board made in 2010, three of the recommendations were implemented. Two of the Board’s seven recommendations were implemented in 2012. The Board did not meet to approve the 2018 meeting minutes and there was not a chair in place to transmit the recommendations to the Congress and the Secretary.	Access GSA FACA Website	Yes
% of Recs Partially Implemented*	0.00%	Access Publications	No
% of Recs Partially Implemented Comment	Not Applicable	Access Other	No
Agency Feedback*	Yes	Access Comment	Not Applicable
Agency Feedback Comment*	Agency feedback is provided to the public via the Board's URL on ed.gov and via the Board's meeting minutes.	Narrative Description*	Board members provide advice to the Department, Federal Financing Bank of the U.S. Treasury and the Designated Bonding Authority to ensure the most advantageous financing for Historically Black Colleges and Universities (HBCU's). It also provides advice on the capital needs of HBCU's as well as the most effective and efficient means of implementing construction financing on HBCU campuses. Additionally, provides advice on what further steps can be taken to improve the operation and implementation of the HBCU Capital Financing Program.

COSTS

1. Payments to Non-Federal Members*	$0.00	1. Est Paymnts to Non-Fed Membrs Nxt FY*	$0.00
2. Payments to Federal Members*	$300.00	2. Est. Payments to Fed Members Next FY*	$1,000.00
3. Payments to Federal Staff*	$19,500.00	3. Estimated Payments to Federal Staff*	$19,500.00
4. Payments to Consultants*	$0.00	4. Est. Payments to Consultants Next FY*	$0.00
5. Travel Reimb. For Non-Federal Membrs*	$0.00	5. Est Travel Reimb Non-Fed Membr nxtFY*	$9,000.00
6. Travel Reimb. For Federal Members*	$0.00	6. Est Travel Reimb For Fed Members*	$1,500.00
7. Travel Reimb. For Federal Staff*	$0.00	7. Est. Travel Reimb to Fed Staf Nxt FY*	$3,000.00
8. Travel Reimb. For Consultants*	$0.00	8. Est Travel Reimb to Consltnts Nxt FY*	$0.00
10. Other Costs		10. Est. Other Costs Next FY*
11. Total Costs	$19,800.00	11. Est. Total Next FY*	$34,000.00
Date Cost Last Modified	8/20/2025 11:34 AM	Est. Fed Staff Support Next FY*
Federal Staff Support (FTE)*		Est Cost Remarks
Cost Remarks

Interest Areas

Category Area Education Education Schools and Academic Institutions Finance Finance

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