Louisiana Board of Regents Awards Facilities Contract to Southern University Foundation (June 2026)

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.

Scope & details

The full contract record, as filed.

Contract amount

Approximately $53,000,000 (Phase I issuance including debt service and reserves; project cost approximately $43,000,000)

Contract type

FACILITIES

Contract term

Forty-year financing term

Renewal date

2066-12-31

Renewal

Financing structured as a forty-year term through the Louisiana Public Facilities Authority; future Phase II planned for late 2026 or early 2027.

Document type

Agenda

Source document

Board of Regents Agenda 2026-06-10

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Board of Regents Agenda 2026-06-10

APPROVED

Louisiana Board of Regents, Louisianaapproximately $53,000,000 (Phase I issuance including reserves); project cost approximately $43,000,000Jun 6, 2026

Louisiana Tuition Trust Authority Meeting Agenda Packet April 2026

PENDING

Louisiana Board of Regents, Louisianaapproximately $43M total project cost; $53M total issuance cost including debt service and maintenance reserve fundsApr 29, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Louisiana Board of Regents?

Southern University Foundation was awarded this facilities contract by Louisiana Board of Regents, as recorded on June 6, 2026. The contract value is Approximately $53,000,000 (Phase I issuance including debt service and reserves; project cost approximately $43,000,000).

How much is the Southern University Foundation contract with Louisiana Board of Regents worth?

The Southern University Foundation contract with Louisiana Board of Regents is valued at Approximately $53,000,000 (Phase I issuance including debt service and reserves; project cost approximately $43,000,000), covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Board of Regents Agenda 2026-06-10 (Agenda), dated June 6, 2026 from Louisiana Board of Regents. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Southern University Foundation hold?

Southern University Foundation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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