Over the years the LPTFA has supported a wide range of endeavors that have benefited our community in many ways – from low-income family housing to public transportation, parks and so much more. Because the public causes undertaken by the trust are ever-changing and evolving, our board members are always prepared to consider new ways to utilize the trust’s financial resources – and are dedicated to supporting community involvement purposes that will most benefit the City of Lafayette.
In addition to our Community Involvement, LPTFA contributes to projects that enhance the overall experience of living in Lafayette for residents. The LPTFA increases its investments by developing and redeveloping its properties. Our community investments not only benefit the residents who live there, but downtown Lafayette as a whole.
The LPTFA is proud to support the University of Louisiana at Lafayette in a number of ways. We believe that showing significant support for the local university is one of the most effective and important ways that our trust can benefit the people of Lafayette. As the Authorized Bond Issuer for Ragin Cajun Facilities, Inc., the LPTFA is able to issue revenue bonds to help fund various UL Lafayette building initiatives.
The LPTFA provided a $400,000 no-interest loan to Ragin Cajun Facilities, Inc. in order to give financial support to the UL Lafayette Building Institute in building urban, green, infill homes. The project that the LPTFA has supported include the Event House, the BeauSoleil Louisiana Solar Home, the NEXThouse, and the COURhouse. The LPTFA places great emphasis on helping our community and is pleased to be able to support UL Lafayette in these and future endeavors.
Everything the LPTFA undertakes serves a public purpose. These causes encompass a wide spectrum ranging from providing financial and housing support for the less affluent residents of the City of Lafayette, to supporting housing, government services and civic initiatives. Specific projects the LPTFA undertakes are determined by a volunteer board of trustees who meet regularly.