LCDA Closes $10.835 million in Bonds in first quarter

In the first quarter of 2018, the Louisiana Community Development Authority (LCDA) closed on two (2) bond issues for projects totaling $10.835 million. On March 1, 2018, an issuance of $8.0 million for the Terrebonne Port Commission Project, Series 2018 closed to assist the Port with improvements to their property, including the construction of a new bulkhead. On March 22, 2018, an issuance of $13.67 million for the City of Sulphur Revenue Bonds, Series 2018 closed to assist the City with improvements to their infrastructure, including water, sewer, streets and roads.

“These are two projects that exemplify why the LCDA was created. Initially, in the early 1990’s, we were created to assist municipalities and political subdivisions in financing improvements for environmental and infrastructure projects. We’ve grown to so much more over the years, but we take great pride in helping our local municipalities address needs in their communities”, said Executive Director Ty Carlos.