Southern University Foundation to Develop New Student Housing

The Southern University Board of Supervisors seeks approval for a third-party student housing project at Southern University and A&M College, to be developed via a lease/lease back agreement with the Southern University Foundation. The Foundation plans to obtain forty-year public financing through the Louisiana Public Facilities Authority for an estimated $43 million project, with total issuance costs of $53 million including debt service and reserves.

Scope & details

The full contract record, as filed.

Contract amount

approximately $43M total project cost; $53M total issuance cost including debt service and maintenance reserve funds

Contract type

FACILITIES

Contract term

forty-year term public financing through the Louisiana Public Facilities Authority

Renewal

Financing expected over a forty-year term through the Louisiana Public Facilities Authority; no additional renewal options described.

Document type

AgendaPacket

Source document

Louisiana Tuition Trust Authority Meeting Agenda Packet April 2026

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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

Board of Regents Agenda 2026-06-10

APPROVED

Louisiana Board of Regents, LouisianaApproximately $53,000,000 (Phase I issuance including debt service and reserves; project cost approximately $43,000,000)Jun 6, 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 April 29, 2026. The contract value is approximately $43M total project cost; $53M total issuance cost including debt service and maintenance reserve funds.

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 $43M total project cost; $53M total issuance cost including debt service and maintenance reserve funds, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Louisiana Tuition Trust Authority Meeting Agenda Packet April 2026 (AgendaPacket), dated April 29, 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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