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An HBCU satellite campus in San Francisco is closer than folks realize sfchronicle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sfchronicle.com Daily Mail and Mail on Sunday newspapers.
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 ....