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The Department of Housing and Urban Development temporarily suspends new college housing loan applications for fiscal year 1966, sets a $4 million-per-campus annual cap with priority rules, and cites demand driven by enrollment growth and a reduced 3% interest rate. It also reports U.S. Office of Education awards totaling $23.1 million in grants and loans, including a categorized list of new grants, supplemental grants, and awarded loans for college classroom and laboratory construction or 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were new college housing loan applications suspended for FY 1966?","Question",{"text":111,"@type":112},"New applications were suspended because demand for college housing loans exceeded available funds during the remainder of fiscal year 1966.","Answer",{"name":114,"@type":109,"acceptedAnswer":115},"What priority criteria were used for allocating available college housing loan funds?",{"text":116,"@type":112},"Priority criteria included the applicant’s ability to proceed, comparative per unit cost, enrollment increases, and the special needs of new colleges.",{"name":118,"@type":109,"acceptedAnswer":119},"How much funding did the U.S. Office of Education award for academic facilities under the Higher Education Facilities Act of 1963?",{"text":120,"@type":112},"The U.S. Office of Education announced awards totaling $23.1 million in grants and loans to support construction or remodeling of classrooms, laboratories, and related academic facilities.","https://schema.org",{"og:url":83,"og:type":123,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":125,"canonical":83},"index,follow",{"doc_id":127,"site_id":62},322753,1789963478,{"code":4,"msg":5,"data":130},{"doc_id":127,"user_id":131,"nickname":92,"user_avatar":132,"doc_module":4,"category_id":19,"category_name":20,"doc_title":65,"doc_description":67,"doc_content":133,"file_id":134,"file_url":135,"file_type":136,"file_size":137,"view_count":4,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":29,"language":138,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":139,"faqs":140,"seo_title":141,"seo_description":67,"update_tm":128,"read_time":142},13056703019404,"https://ap-avatar.wpscdn.com/davatar_29158cc5080c5b710cf443261637dec0","Higher EducationandNational Affairs  \n\"Incentive Grants\"Proposed  \nFor International Studies  \n*    *    *  \n# GI Benefits Bill Scheduled\n\nFor Prompt Action in House  \nAmerican Council on Education·1785 Massachusetts Avenue,N.W.,Washington 36,D.C.  \nFebruary 4,1966  \nVolume XV Number 3  \nBecause the demand for college housing loans far exceedsavailable funds,the Department of Housing and Urban Devel-opment has suspended receipt of new loan applications for theremainder of fiscal year 1966,which ends on June 30.The  \n# HUD Suspends Receipt of NewApplications for CollegeHousing Loans for FY 1966\n\ncutoff date for receiving new applications for loans was January 31.Also because of theheavy demand,the Department has set a maximum loan limitation of $4 million per campusper year and has established priorities for allocating available funds.  \nThe priority criteria are:the ability of the applicant to proceed with the project,com-parative per unit cost,enrollment increases,and the special needs of new colleges.  \nThe $4 million per campus loan limitation includes a maximum limit of $500,000 forservice facilities,with priority going to dining facilities.  \nThe Department said the restrictions were necessitated because \"enrollment increaseshave combined with the reduction of the College Housing interest rate to 3 percent to createa preliminary application demand for College Housing loans far in excess of available funds.\"  \nAs of December 31,1965,preliminary applications for loans amounted to $678 million,including $486 million filed during the first six months of fiscal year 1966 and $192 millioncarried over from fiscal year 1965.To meet these applications,$300 million was availablein new lending authority in the current fiscal year,and virtually all of this amount has beenallocated.An additional sum of approximately $200 million is contained in a revolving fundaccumulated through repayments by colleges and universities,but this money has not beenreleased.  \nThe Department said that if it had continued to receive new applications during the restof this fiscal year \"it is estimated that the unmet preliminary application demand wouldhave exceeded $800 million on June 30,1966.  \nThe U.S.Office of Education on February 3 announced the awardof $23.1 million in grants and loans under the Higher EducationFacilities Act of 1963.The awards will assist 44 colleges anduniversities to build or remodel classrooms,laboratories,or  \n# USOE Awards Grants AndLoans Totaling $23 MillionFor Academic Facilities\n\nlibraries.The awards consist of:  \n● $11 million in new grants to 24 institutions for the construction of undergraduate aca-demic facilities.  \n● $1.3 million in supplemental grants to six institutions that previously received onlypart of the funds for which they were eligible.  \n● $10.7 million in loans to 16 institutions.  \n## Following is the list of new grants,including the type of building to be constructed:\n\nArkansas State Agricultural,Mechanical and Normal School,$266,667,library;Uni-versity of Arkansas,$1 million,library;St.John's University,Collegeville,Minn.,$813,032,science building,and $517,771,library;St.Olaf College,Northfield,Minn.,$1 million,science and mathematics building;Southeast Missouri State College,$1 million,library addition;Ulster County Community College,Stone Ridge,N.Y.,$829,012,multi-purpose complex;Brevard College,Brevard,N.C.,$147,002,library;Surry CommunityCollege,Dobson,N.C.,general instructional building;The College of Steubenville,Steubenville,Ohio,$221,774,addition to instructional building;Willamette University,Salem,Ore.,$153,751,law library;University of South Carolina,$601,745,sciencebuilding.  \nAngelo State College,San Angelo,Tex.,$500,000,library and languages building;Cooke County Junior College,Gainesville,Tex.,$194,990,general instructional building,and $13,755,multipurpose complex;Howard County Junior College,Big Spring,Tex.,$304,935,library and science building;Pan American College,Edinburg,Tex.,$500,0","cbCaipPOhcPDO0Zz","https://ap.wps.com/l/cbCaipPOhcPDO0Zz","pdf",441602,"English","# GI Benefits Bill Scheduled\n## HUD Suspends Receipt of New Applications for College Housing Loans for FY 1966\n## USOE Awards Grants And Loans Totaling $23 Million For Academic Facilities\n## Following is the list of new grants, including the type of building to be constructed:\n## Supplemental grants went to the following institutions:\n## The following institutions received loans:","[{\"question\":\"Why were new college housing loan applications suspended for FY 1966?\",\"answer\":\"New applications were suspended because demand for college housing loans exceeded available funds during the remainder of fiscal year 1966.\"},{\"question\":\"What priority criteria were used for allocating available college housing loan funds?\",\"answer\":\"Priority criteria included the applicant’s ability to proceed, comparative per unit cost, enrollment increases, and the special needs of new colleges.\"},{\"question\":\"How much funding did the U.S. Office of Education award for academic facilities under the Higher Education Facilities Act of 1963?\",\"answer\":\"The U.S. Office of Education announced awards totaling $23.1 million in grants and loans to support construction or remodeling of classrooms, laboratories, and related academic facilities.\"}]","GI Benefits Bill Scheduled - No. 3 - Prompt Action in House | PDF",15]