Howard University on Wednesday unveiled a $785 million plan to build three new academic buildings on its Northwest D.C. campus and renovate others — an investment the school president deemed a “watershed moment” for the institution.
The work, the largest down payment on academic classroom space for Howard in 38 years, marks the initial phase of the 2020 Howard University campus master plan approved by the D.C. Zoning Commission last year. But it’s only possible, the historically Black private research university said, because two major rating agencies in February upgraded Howard’s national bond ratings from stable to positive and affirmed the school’s $300 million in series 2022A taxable bonds, which will play a critical role in financing the work ahead.
“This is a watershed moment in the history of our institution,” Howard University President Wayne Frederick said in a statement. “Because of the tremendously enhanced financial posture we have worked so hard to achieve,…
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