Projects and Programs
Supporting Louisiana’s economic resilience and vitality, the Louisiana Public Facilities Authority (LPFA) has remained steadfast in serving local communities.
878
Total Projects Financed
$31.2B
Total Bonds
Our Role in Financing
The LPFA serves the citizens of Louisiana as a conduit bond issuer and works to provide qualifying projects with tax-exempt financing to achieve substantial interest cost savings to help further economic development.
Projects and Programs
Economic Development
The LPFA serves the citizens of Louisiana as a conduit bond issuer and works to provide qualifying projects with tax-exempt financing to achieve substantial interest cost savings to help further economic development.
Education
LPFA operates and markets its education programs under the name of Louisiana Education Loan Authority (“Lela”). The LPFA has issued over $2.4 billion in bonds to fund its Lela division programs which have provided student loans to more than 400,000 student and parents, since inception.
Healthcare
The LPFA, in 45 years of operation, has issued more than $27 billion in bonds for projects and programs that serve as engines for economic development throughout Louisiana. This level of involvement has resulted in the creation of tens of thousands of jobs and provided Louisiana borrowers access to billions of dollars at lower than market rates.
Benefits of LPFA Bonds
Reduced Financing Cost
The LPFA acts as a conduit by passing payments from the borrower to the bondholder to reduce the borrower’s financing costs.
Tax-Exempt Benefits
The LPFA issues bonds on behalf of a borrower, allowing the borrower to benefit from tax-exempt borrowing.
Reduced Risk
LPFA funds are not at risk in connection with a financing, and no funds of the State of Louisiana or any political subdivision thereof are at risk. Each LPFA bond contains language to that effect.
Marketplace Driven
The marketplace determines if the bonds are marketable, not the LPFA.
Allocated Funds
Bonds issued by the LPFA are payable solely by the underlying borrower from the funds and assets pledged for each individual bond issue. The LPFA does not enhance the credit of the underlying borrower, and no LPFA funds are pledged for the payments of any bond issue.
Expert Analysis
The LPFA and its bond counsel analyze each project’s eligibility for tax-exempt bond financing as specified by federal law.
Unbiased Lending
The LPFA does not assume the responsibility of determining the creditworthiness of a project or borrower, nor does it assume the resulting legal liability from making such a determination.
LPFA has issued more than
$29.7 Billion
in Bonds (1974-2023)
-
Healthcare 10.8B
-
Economic Development 7.1B
-
Universities 3.7B
-
Student Loans 2.4B
-
Unemployment Compensation 1.6B
-
School Boards 1.2B
-
Communities 983MM
-
Multi-Family Housing 676MM
-
State of Louisiana 555MM
-
Single-Family Housing 327MM
-
LA Insurance Guaranty Association 187MM
-
Law Enforcement Duties 74MM
News and Events
- Strengthening Economic and Community Development across Louisiana for 50 years
- Bond Buyer announces 2024 Deal of the Year finalists
- LPFA Board of Trustees approves $105,000,000 in Hospital Revenue Bonds for Louisiana Children’s Medical Center
- Gov. Edwards: State-Led Program to offer COVID-19 Small Business Help