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President Hakim J. Lucas used Virginia Union University’s Founders Day celebrations to announce a partnership with a New York-based development and investment firm to build affordable housing along Brook and Overbrook roads. The Steinbridge Group has committed $42 million to build 130 to 200 residences on the northern edge of VUU’s campus. During the Feb. 2 press conference, the group’s founder and CEO, Tawan Davis, said his firm had worked with business- man and philanthropist Robert F. Smith’s Student Freedom Initiative (SFI) to select VUU as the first HBCU to receive an investment as part of its $100 million initiative announced in November 2023. Its aim is to help HBCUs and other minority-serving institu- tions make underutilized assets economically productive, thereby diversifying their revenue streams and improving their financial situations and endowments. Mr. Davis estimated that Steinbridge’s investment in VUU will increase the university’s endowme

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