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With over 50 years of experience supporting education, healthcare, economic development and job creation across Louisiana, the Louisiana Public Facilities Authority (LPFA) is using its legacy to support the future of Louisiana.
Established in 1974 as a nonprofit statewide public trust and a conduit issuer of tax-exempt and taxable bonds, the LPFA has financed over 850 Louisiana projects totaling $32.5 billion through 2025. By enabling qualifying projects and entities to access tax-exempt bond financing and lower borrowing costs, the Authority plays a pivotal role in strengthening economic and community development statewide. The LPFA also develops innovative partnerships with federal, state and local government stakeholders that improve outcomes throughout Louisiana.
Over the last five decades, LPFA financed projects have supported hospitals, universities, charter schools, industrial expansions, economic development initiatives, and essential lower-cost programs for state and local governmental entities. Projects financed through the LPFA have helped generate more than 323,900 jobs and $7.5 billion in additional personal earnings over the last half-century, underscoring the Authority’s transformative investment and sustained economic impact.
The LPFA continued building on this momentum in 2025, with six bond issues providing $1.075 billion in financing. This included $514 million for Ochsner Clinic Foundation projects, which are part of ongoing capital investments by Ochsner to expand its healthcare services across Louisiana. LPFA also financed $199 million for LSU’s new South Quad dormitory and ancillary development, of which the dormitory will add 1,266 on-campus beds dedicated to first-year students. Together, these projects reflect the LPFA’s long-standing commitment to strengthening healthcare systems and expanding educational opportunities across the state.
Additional 2025 bond issuances supported charter schools, solid waste disposal facilities and clean water initiatives, emphasizing LPFA’s support for critical local and rural community infrastructure.
The LPFA further extends its impact by supporting college-bound students and their families through its education division, the Louisiana Education Loan Authority (Lela). Lela offers lower-cost, responsible borrowing options through its LelaCHOICE supplemental education loan programs and student loan refinancing through its Lela RefiHELP program. Additionally, Lela offers numerous free outreach services, including remote assistance with the Free Application for Federal Student Aid (FAFSA), the federal-aid form that high-school students must submit to apply for federal student financial aid programs. In 2025, Lela assisted nearly 1,000 students in completing the Free Application for Federal Student Aid (FAFSA) and provided free resources to over 40,000 students. Since its inception in 1984, more than 465,000 students have received financing or outreach assistance.
As a self-supporting quasi-public authority that operates solely on self-generated revenue, the LPFA has neither requested nor received any tax or other appropriation from the state of Louisiana for its operations. The LPFA’s operating expenses are covered through revenue generated by its bond issuances and programs.
“Throughout our 50-year history, our partnerships have improved critical infrastructure and increased access to higher education for Louisiana families and communities,” says President and CEO Tricia Dubroc. “We are proud of our legacy and are focused on the future of Louisiana.”
With continued growth and development across the state, the LPFA remains committed to innovative, flexible financing solutions that help communities adapt to changing economic conditions while expanding opportunity statewide. As such, the LPFA is focused on its enduring mission to make Louisiana a better place to live, work and raise families for the next 50 years.
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Top Executives: Tricia Dubroc, President & CEO; Martin Walke, Vice President; Joni Leggio, Vice President
Address: 2237 S. Acadian Thruway, Suite 650, Baton Rouge, LA 70808
Phone: 225.923.0020 or 800.228.4755
