HBCUs
HOPE works with HBCUs to provide financing and community development resources.
Most Historically Black Colleges and Universities (HBCUs) are located in the South in areas facing severe levels of economic distress.
The high levels of disinvestment in these areas make them prime locations to foster natural alliances between HBCUs and Community Development Financial Institutions.
Given their embeddedness in these communities, HBCUs are uniquely positioned to not only promote economic mobility among their students, but to serve as critical anchors of development in their surrounding neighborhoods. Likewise, CDFIs are experts at the import and deployment of financial resources to advance ownership and agency among individuals and communities.
HOPE, together with the Federal Reserve Bank of Atlanta and the HBCU Community Development Action Coalition, worked with Mississippi Valley State University and Jackson State University to assess community and economic development needs and opportunities in neighborhoods adjacent to their campuses. The HBCU-CDFI Economic Mobility Strategy Guide details lessons, best practices, and resources identified through this process that can be used by other HBCUs and CDFIs seeking to collaborate toward upward economic mobility for HBCU communities and stakeholders.
If you have an opportunity for HOPE to work with your HBCU, contact:
Charles “L. J.” Molden, SVP
Community and Economic Development
769-279-1191
Contact Us
Contact our CED team to learn more about our loans and programs that strengthen communities. We'll reach out to see how we can work together.