{"id":183,"date":"2023-04-06T18:38:02","date_gmt":"2023-04-06T18:38:02","guid":{"rendered":"http:\/\/lpfa-annual-2022.test\/?page_id=183"},"modified":"2024-10-14T20:09:01","modified_gmt":"2024-10-14T20:09:01","slug":"our-history","status":"publish","type":"page","link":"https:\/\/lpfa-annualreport.com\/2022\/our-history\/","title":{"rendered":"Our History"},"content":{"rendered":"\n
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A History of Fulfilling Our Promise to Louisiana<\/h1>\n\n\n\n
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1974<\/h2>\n\n\n\n

$7.7 Million<\/p>\n\n\n\n

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St. Charles General Hospital<\/p>\n\n\n\n

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The LPFA is created by a private corporation as a public trust with the State of Louisiana as its beneficiary to finance the construction of St. Charles General Hospital.<\/p>\n<\/div>\n\n\n\n

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1987<\/h2>\n\n\n\n

$1.3 Million<\/p>\n\n\n\n

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State of Louisiana Unemployment Compensation<\/p>\n\n\n\n

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Record $1.3 billion LPFA bond sale restores Louisiana Unemployment Compensation Fund, enabling the state to continue paying benefits while saving taxpayers hundreds of millions of dollars.<\/p>\n<\/div>\n\n\n\n

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1988<\/h2>\n\n\n\n

$4.1 Million<\/p>\n\n\n\n

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PENNington biomedical research center<\/p>\n\n\n\n

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Using its Fixed Rate Health and Education Capital Facilities Revenue Bond Program, Series 1985A-1 and 1985B-1, the LPFA helped LSU generate $4.1 million in operating capital for the Pennington Biomedical Research Center. This enabled the Research Center to begin operations after being idle for three years after construction.<\/p>\n<\/div>\n<\/div>\n\n\n\n

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1995<\/h2>\n\n\n\n

$25 Million<\/p>\n\n\n\n

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Supertop Student Loan Program<\/p>\n\n\n\n

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The LPFA, through its education division, Lela, launched SuperTop and expanded to offer discounted student loans directly to students as well as referral banks. This was the first low cost student loan program in Louisiana.<\/p>\n<\/div>\n\n\n\n

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2001<\/h2>\n\n\n\n

$13.6 Million<\/p>\n\n\n\n

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DNR Revolving Loan Program<\/strong><\/p>\n\n\n\n

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The LPFA issued $13.6 million to help school boards and other government entities across Louisiana save on their energy costs through a partnership with the Louisiana Department of Natural Resources. This revolving loan program remains available throughout the state today.<\/p>\n<\/div>\n\n\n\n

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2006<\/strong><\/h2>\n\n\n\n

$1 million<\/p>\n\n\n\n

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Drinking Water Revolving Loan Fund Match Project<\/strong><\/p>\n\n\n\n

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The LPFA provided $1 million to the state through its Drinking Water Revolving Loan Fund Match Project to obtain grants from the Environmental Protection Agency (EPA). This was an innovative approach which the EPA approved for other states to model and continues to be utilized today.<\/p>\n<\/div>\n<\/div>\n\n\n\n

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2007<\/h2>\n\n\n\n

$283.5 million<\/p>\n\n\n\n

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Hurricane Recovery Bridge Loan Program<\/strong><\/p>\n\n\n\n

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This LPFA bond sale helped the City of New Orleans and the Sewerage and Water Board of New Orleans rebuild New Orleans\u2019 hurricane-damaged water and sewer systems and restored dozens of public facilities ranging from police
stations to playgrounds. <\/p>\n<\/div>\n\n\n\n

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2008<\/h2>\n\n\n\n

$996.1 Million<\/p>\n\n\n\n

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Louisiana Utilities Restoration Corp.<\/p>\n\n\n\n

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These bonds helped finance the hurricane recovery costs incurred by the Utilities after Hurricanes Katrina and Rita. This was the first bond issue in the world to use this structure.<\/p>\n<\/div>\n\n\n\n

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\n\t\t\n\t\tBack: 1 Purpose: Making Louisiana Communities Stronger\t<\/a>\n\t\t\t\n\t\tNext: Improving Economic Development\t<\/a>\n\t<\/div>","protected":false},"excerpt":{"rendered":"

A History of Fulfilling Our Promise to Louisiana 1974 $7.7 Million St. Charles General Hospital The LPFA is created by a private corporation as a public trust with the State of Louisiana as its beneficiary to finance the construction of St. Charles General Hospital. 1987 $1.3 Million State of Louisiana Unemployment Compensation Record $1.3 billion…<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":1,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-183","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/lpfa-annualreport.com\/2022\/wp-json\/wp\/v2\/pages\/183","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lpfa-annualreport.com\/2022\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/lpfa-annualreport.com\/2022\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/lpfa-annualreport.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lpfa-annualreport.com\/2022\/wp-json\/wp\/v2\/comments?post=183"}],"version-history":[{"count":0,"href":"https:\/\/lpfa-annualreport.com\/2022\/wp-json\/wp\/v2\/pages\/183\/revisions"}],"wp:attachment":[{"href":"https:\/\/lpfa-annualreport.com\/2022\/wp-json\/wp\/v2\/media?parent=183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}