May 19, 2026
LPFA Board of Trustees Expand Popular Bond Bank Program
The LPFA Board of Trustees voted to expand the Low-Interest Local Government Bond Bank Program at its monthly meeting in April to help more Louisiana communities advance costly infrastructure projects they might not otherwise afford.
The Bond Bank Program helps local governments finance vital infrastructure projects at significantly reduced interest rates, projects like water systems, fire trucks and street upgrades.
This is how it works: A local bank provides 75 percent of the funding, and LPFA covers the remaining 25 percent at half the local bank’s rate, producing real savings for every dollar borrowed and making it possible to complete projects that enhance safety and security of Louisiana families.
Since its inception in 1998, the Bond Bank program has served 373 governmental entities across Louisiana and saved them more than $6.45 million in interest payments (as of 4/21/26).
“Bond Bank is a growing program, especially as interest rates have risen. Many communities strive to pay costs of either an additional fire truck or sewerage equipment, and the LPFA comes in to help them save money,” said LPFA Board of Trustees Chair Ronald Bordelon. “Expanding the Bond Bank Program helps ensure we can support as many municipalities as possible.”
Apply for the Bond Bank Program at https://www.lpfa.com/contact-us/.