Board of Regents Minutes 2026-04-29
Financing approved for Southern student housing project
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Description
The Board of Regents approved Southern University and A&M College's Phase I student housing project to be financed over 40 years through the Louisiana Public Facilities Authority, with a total issuance of about $53 million. The financing will support construction of two new four-story residence halls providing 500 beds for first- and second-year students.
Contract Details
Contract Amount
approximately $53M (Phase I issuance)
Vendor
LOUISIANA PUBLIC FACILITIES AUTHORITY
Agency
Mcneese State University, LA
Contract Type
FINANCIAL_SERVICES
Document Date
April 29, 2026
Contract Term
40-year financing term
Renewal Info
Single 40-year public financing term through LPFA for Phase I; no renewal provisions noted.
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