WASHINGTON, DC-Campus Apartments and Howard University have inked an agreement to build an on-campus housing project for $107 million. The project, which will accommodate 1,360 students, is scheduled to deliver by August 2014.

It will consist of two residential buildings for underclassmen, to be located at the southeast core of the campus. The residences will include two-person semi-suites and communal social and study lounges. There will also be a 200-person multipurpose room.

Provident Resources Group, RBC Capital, Clark Construction and McKissack & McKissack are also working on the project. The project was financed through tax-exempt bonds issued by the District of Columbia.