 | Board of Visitors minutes March 21, 1986 |  |
UNIVERSITY OF VIRGINIA
Housing for Approximately 650 Students
Project Description
The University is planning to acquire Housing for 650 students. The Structure will be completed in 1983-84 at a cost of $13,615,000. We have requested approval of the total project by the General Assembly, and we would like to include $11,500,000 in House Bill 36 as a revenue bond issue for permanent financing. A total of $1,365,000 will be provided from the University unrestricted general fund, primarily to prepare the site.
The Student Housing Division is a self-supporting auxiliary enterprise, acting in direct support of the education mission of the University of Virginia. The housing of students has been the concern of the University since its founding. The University has two main goals in providing students with housing accommodations on the Grounds. The first is to furnish students with a variety of housing arrangements at reasonable cost. The second is to provide an environment in which each student may achieve the maximum realization of his or her potential--intellectually, socially, and physically. It is expected that attributes such as self-discipline, concern for the rights of others, mental and social maturity, and respect for public and private property will be fostered in group residence situations.
As a part of the University's orientation and advisory system, all students entering one of the undergraduate schools directly from secondary school are required to live in one of the residence houses during their first year. After the first year in residence, a student may live in University housing, provided
The rapid growth of the University during the last decade has created a critical need for student housing, undergraduate and graduate, and although some 1,400 student spaces have been added to bring the University's housing accommodations to 5,103, the student population has grown from 8,500 to 16,400. The University has an objective of providing housing for 50% of the student body.
Private enterprise has responded to the University's inability to provide sufficient housing for its student population by building increasing numbers of apartment units in close proximity to the Grounds. However, the profit motive and inflation have combined to make many of these units beyond the financial resources of the average student. The University has resorted to a "lottery" system for other than first-year students to compete for available spaces. Competition among upperclass students resulted in 4,550 students applying, through a recent lottery, for 1,270 available spaces. The situation is not expected to improve in the foreseeable future.
To alleviate the immediate student housing shortage, an additional 650 beds are needed by the fall of 1983. this addition will bring our student spaces to 5,753 with a student body of at least 16,400.
Payment of the debt will be from revenue received from room rent. Rates are projected for the new facility at $1,300 per student during the academic session. In addition, summer
| Board of Visitors minutes March 21, 1986 | |