FACILITIESAPPROVED

Board of Regents Agenda 2026-06-10

Southern University Foundation to Build New Student Housing

approximately $53,000,000 (Phase I issuance including reserves); project cost approximately $43,000,000Louisiana Board of RegentsSOUTHERN UNIVERSITY FOUNDATIONJune 6, 2026

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Description

The Board of Regents approved a third‑party agreement with the Southern University Foundation to finance and construct Phase I of new student housing at SU A&M. The approximately $43 million project for 500 beds will be funded through about $53 million in 40‑year public financing via the Louisiana Public Facilities Authority, backed by housing and general revenues.

Contract Details

Contract Amount

approximately $53,000,000 (Phase I issuance including 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

40-year financing term

Renewal Date

2066-12-31

Renewal Info

Project financed through a single 40‑year public financing issuance via the Louisiana Public Facilities Authority; no periodic renewal, but debt service runs for 40 years with housing and general revenues pledged.

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