Home sale retires BUA personal debt, allows relocation

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Baptist University of the Américas will start out a new chapter in mid-December when it closes on the sale of the residence it has occupied the past 6 years and moves credit card debt-no cost into repurposed amenities it now owns on 60 acres across Interstate 35.

Abe Jaquez

“It’s a new working day for BUA,” President Abe Jaquez said. “The sale of the Barlite Boulevard residence allows us to be out of debt, and we will be returning to the dwelling the school’s leaders envisioned for us many years back.

“This is a victory for BUA, for our alumni, for Texas Baptists and for all the Hispanic neighborhood in Texas.”

5 a long time back, BUA still left the eight properties it had occupied considering the fact that 1965. It consolidated functions, transferring courses and administrative places of work into 1 reworked clinical business office building. BUA named the facility the Baugh Building in honor of a important benefactor, the Eula Mae and John Baugh Foundation.

At the time, BUA leaders explained the Baugh Setting up would provide as the school’s house right until it could increase cash to establish on the acreage it owned across Interstate 35.

10 years previously, BUA had obtained a $1 million gift and a $2.5 million fascination-free of charge loan from the Christ Is Our Salvation Foundation, proven by the Paul and Katy Piper spouse and children. Individuals funds enabled BUA to assemble Piper Village, a pupil housing group, on the BUA-owned acreage.

‘Practicing fantastic stewardship’

Now, fairly than incur credit card debt via new construction, BUA has renovated those underutilized structures, changing college student housing into lecture rooms and administrative workplaces.

“We are grateful for all who manufactured the Baugh Constructing possible, offering BUA a place to call our individual till we could get to our 60-acre household,” Jaquez mentioned. “My comprehending is the Barlite Boulevard building was meant to serve the university in the course of a transitional period of about 10 many years. So, this transfer puts us 5 a long time forward of agenda.

“We see this as Period A person of many. We are repurposing property we currently maintain that were being not staying completely utilized, retiring our credit card debt and shifting household. We feel we are working towards great stewardship of what God has offered.”

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In new months, BUA uncovered of a new and sudden provision from God, he added. Jerry Carlisle, president of the Texas Baptist Missions Basis, introduced in September an nameless donor experienced supplied $1.6 million to create the TBMF Invoice Arnold Endowed Scholarship at BUA in honor of the foundation’s founder.

“We honor our earlier and are grateful for all the donors—individuals, basis, church buildings and the Baptist Standard Conference of Texas—who have enabled BUA to arrive at this point,” Jaquez reported.

“Now, God has opened a new doorway of prospect for the college, and we will stroll into the potential God has geared up for us.”

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