Board of Regents Agenda 2026-06-10
Southern University student housing project approved
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Description
The Board of Regents approved a third-party student housing project at Southern University and A&M College, authorizing the Southern University Foundation to construct a $43 million Phase I facility with approximately 500 beds. The project will be financed over 40 years through the Louisiana Public Facilities Authority, with total issuance around $53 million including debt service and reserve funds.
Contract Details
Contract Amount
Approximately $53,000,000 (Phase I issuance including debt service and reserves; project cost approximately $43,000,000)
Vendor
SOUTHERN UNIVERSITY FOUNDATION
Agency
Louisiana Board of Regents, LA
Contract Type
FACILITIES
Document Date
June 6, 2026
Contract Term
Forty-year financing term
Renewal Date
2066-12-31
Renewal Info
Financing structured as a forty-year term through the Louisiana Public Facilities Authority; future Phase II planned for late 2026 or early 2027.
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