In 2023, the LPFA Bond Bank program provided $3.2 million to assist with projects totaling $17.4 million in loans outstanding to provide financial assistance to local government entities, saving them more than $874,894 in future interest payments.
to assist with programs
in future interest payments.
The LPFA’s Low-Interest Local Government Bond Bank Program saves local governments money by providing up to 25% of a financing at a reduced interest rate.
saving Louisiana’s rural entities more than
In interest payments since the program’s inception.
The LPFA’s Rural Development Low-Interest Loan Program helps provide local governments and nonprofits with interim financing for capital and infrastructure projects until permanent financing is received from the U. S. Department of Agriculture’s (USDA) Rural Development Program.
