New Jersey has allocated nearly $400 million for facility upgrades at colleges and universities in the state
The Office of the Secretary of Higher Education says 54 projects will benefit from the funding.
“New Jersey remains committed to investing in our students, so that more bright young people are motivated to pursue a higher education right here in our state,” said Governor Phil Murphy.
The four revolving bond programs through which funding is being released are the Higher Education Capital Improvement Fund (CIF), the Higher Education Facilities Trust Fund (HEFT), the Higher Education Equipment Leasing Fund (ELF), and the Higher Education Technology Infrastructure Fund (HETI).
Montclair State University will receive nearly $60 million for construction of an Interdisciplinary Sciences building and renovation of some existing campus space; Rowan University is line for $50 million to build an engineering and biomedical sciences research tower, offices for the school of nursing and other spaces; William Peterson University will receive $40 million to renovate and add on to an existing recreation center.
“Since 1994, New Jersey’s CIF, HEFT, ELF, and HETI grant programs have provided approximately $1.7 billion in State-supported investment in New Jersey’s colleges and universities,” said Sheryl Stitt, executive director of the New Jersey Educational Facilities Authority. “Today’s announcement of an additional nearly $400 million in grant awards demonstrates a continued commitment to providing modernized classrooms, labs, and technological infrastructure at New Jersey’s colleges and universities that are on par with the best schools in the world.
- Higher Education Capital Improvement Fund (CIF) - $190.9 million for 10 awards
- Higher Education Facilities Trust Fund (HEFT) - $89.6 million for 5 awards
- Higher Education Equipment Leasing Fund (ELF) - $82 million for 25 awards
- Higher Education Technology Infrastructure Fund (HETI) - $32.5 million for 24 awards
The full list of projects can be found here.
