Christian Village of Abilene

Since mid-2014, Christian Village of Abilene (CVA) has been operating at a significant and unsustainable financial loss each month, despite constant efforts to turn around the vacancy rates. Without new revenue or cash from a major donation, CVA would be forced to close in the near future. The CVA Board of Trustees approached ACU to search for new opportunities and those discussions turned to the possibility of a purchase of the facility by ACU. The CVA Board has reached an agreement with ACU giving the university the option to purchase the facility. ACU will decide whether to exercise its option on or before late September. If ACU does exercise its option to complete the purchase, the closing would occur on or about February 2016, giving the residents plenty of time and assistance to transition into a new residency. This will allow the residents to receive a healthy return on their investment and provide future residence hall space for students.