Louisiana Tuition Trust Authority Meeting Agenda Packet April 2026
Southern University Foundation to Develop New Student Housing
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Description
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.
Contract Details
Contract Amount
approximately $43M total project cost; $53M total issuance cost including debt service and maintenance reserve funds
Vendor
SOUTHERN UNIVERSITY FOUNDATION
Agency
Louisiana Board of Regents, LA
Contract Type
FACILITIES
Document Date
April 29, 2026
Contract Term
forty-year term public financing through the Louisiana Public Facilities Authority
Renewal Info
Financing expected over a forty-year term through the Louisiana Public Facilities Authority; no additional renewal options described.
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