Historically Black Colleges and Universities (HBCUs) have played a vital role in American history. Originally created to provide educational opportunities for African Americans after the Civil War, more than 100 HBCUs are still open and thriving today.
The HBCU Capital Financing Program was created by the U.S. Department of Education to help HBCUs finance important capital projects at the lowest cost of borrowing available in today’s challenging credit environment. For more than a decade, Rice Financial has proudly served as the Designated Bonding Authority for the Program through its subsidiary, Rice Capital Access Program, LLC.
Rice Financial is a major participant in the education market. In both the bond market and in conjunction with the Department of Education, we provide more HBCU financing than any other firm in the country.
CEO, Rice Capital Access Program