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LSU Health Foundation announces Financial Closing on New Student Housing after Three-Year Effort

Rendering of exterior of new student housing

The LSU Health Foundation could not be more pleased to announce the culmination of three years of diligent hard work with the financial closing on a new student housing project. The 579-bed modern housing facility will primarily serve the students of LSU Health Sciences Center – New Orleans (LSUHSC-NO).  

With the closing, more than $100 million dollars in bonds were sold and the project is now 100% financed. A groundbreaking event is scheduled for Friday, November 13 and construction will begin shortly. 

LSU Health Foundation CEO Matt Altier said he would be remiss if he did not mention the support of Board member Al Copeland, Jr. “Al has once again shown his great support for not only this Foundation, but also for the LSU Health Sciences Center campus and Louisiana State University by investing in the success of this project,” said Altier. Al believes in our vision of what we can accomplish together with the right collaboration, ingenuity and passion for LSU excellence.  I want to commend him for his personal and professional commitment to the future success of LSU Health as we pave a path towards a brighter and more promising future for all.” 

What started off as an idea in a brainstorming session between former LSU Health Sciences Center New Orleans Chancellor Larry Hollier and Altier years ago has now culminated in a major milestone for LSU Health. This will be the first new student housing on LSU Health Science’s campus since 1967.  

The units will consist of a mix of studio, 1-bedroom, 2-bedroom, and 3-bedroom apartments. Plans call for community spaces, a lounge, fitness room, study/meeting rooms throughout the building, an outdoor BBQ area, an in-ground pool and in-unit laundry. 

The longtime vision of new student housing was realized through a partnership with Provident Group – HSC Properties Inc. and RBC Capital Markets along with LSU Health Foundation, LSU Health Sciences Center and the Board of Supervisors of Louisiana State University and Agricultural and Mechanical College. Stantec is the architect and CORE Construction is the contractor. Michaels Student Living is the developer and will handle leasing of the units.  

The new housing is estimated for completion in fall 2022Says Altier, I am extremely proud of our mission and of our expanding list of Foundation accomplishments.  We are truly helping LSU Health grow – today, tomorrow, forever.”    

For more information about leasing in the new student housing please visit this link: