For nearly half a century, the Louisiana Public Facilities Authority (LPFA) has been committed to strengthening economic development, health care and education across Louisiana through its bond financings and job creation initiatives.
AT A GLANCE
Top executives: Tricia A. Dubroc, President & CEO; Martin Walke, Vice President; Joni M. Leggio, Assistant Vice President
Phone: 225.923.0020 or 800.228.4755
Address: 2237 S. Acadian Thruway, Suite 650, Baton Rouge, LA 70808
As a conduit issuer of tax-exempt and taxable bonds, the LPFA has financed more than $29 billion in Louisiana since its inception in 1974. This includes more than $10.6 billion to assist health-care institutions, $7.38 billion for education and $6.8 billion for economic development, in addition to community and state financings. Projects financed by the LPFA have helped generate more than 323,900 new jobs and more than $7.5 billion in additional personal earnings, according to an economic impact study by Dr. James Richardson.
By providing the means for qualifying projects and entities to receive tax-exempt financing and achieve interest cost-savings, the LPFA supports economic and community development across the state. The LPFA also develops innovative collaborations with federal, state and local government stakeholders that improve outcomes throughout Louisiana. Through its low-interest revolving loan programs – the Local Government Bond Bank and Rural Development Loan programs – the LPFA provides support to improve drinking water and wastewater systems, energy efficiency, road infrastructure, and community centers. In partnership with the Louisiana Department of Natural Resources, the LPFA administers an energy-efficiency revolving loan fund to assist local governments and achieve savings for taxpayers.
Martin Walke, Vice President; Joni M. Leggio, Assistant Vice President
Through its education division, the Louisiana Education Loan Authority (Lela), the LPFA continues to support college-bound students. Lela provides students and families responsible borrowing options through its LelaCHOICE supplemental loan programs. Refinancing higher-cost student loans is also available through Lela’s RefiHELP program. Additionally, Lela offers free remote assistance with the Free Application for Federal Student Aid (FASFA) — the federal-aid form that high-school students must submit before graduating. In 2022, Lela assisted more than 18,000 students. More than 425,000 students have received assistance since Lela’s inception.
Every LPFA project and program aims to help the people of Louisiana. The Authority’s mission is to make Louisiana a better place to live, work and raise families by furthering education, health care, economic development and job creation in the state.
“With its long history in the state, the LPFA has made an indelible impact on generations of Louisianans,” says LPFA President and CEO Tricia A. Dubroc. “In doing so, the LPFA has supported the state’s community and economic viability.”
As a self-supporting Authority that operates solely on self-generated revenue, the LPFA has never 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.
