Date: January 30, 2026
NOTICE OF PUBLIC HEARING
NOT EXCEEDING $200,000,000
THE FINANCE AUTHORITY OF NEW ORLEANS
LEASE REVENUE BONDS
(1440 CANAL STREET PROJECT)
PUBLIC NOTICE IS HEREBY GIVEN that The Finance Authority of New Orleans (the “Authority“) will hold a public hearing on February 9, 2026, at four o’clock (4:00) p.m. at the offices of the Authority, 201 St. Charles Avenue, Suite 444, New Orleans, Louisiana, concerning the approval of a plan of finance relating to the issuance of the above captioned bonds (the “Bonds“). The Authority proposes to issue the Bonds pursuant to a plan of finance, in one or more series, in an aggregate principal amount not to exceed $200,000,000, and the proceeds of the Bonds will be loaned by the Authority to Pan-American Financial Assistance Foundation Inc., or a limited liability company wholly-owned thereby (together, the “Foundation“), a Delaware nonprofit corporation and a tax-exempt charitable organization recognized under Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the “Code“), for purposes of, among other things, financing the cost of (i) the acquisition of an office building, together with the underlying real property and all parking areas, easements, and rights associated with the operation thereof, located at 1440 Canal Street in New Orleans, Louisiana (collectively, the “Facility“), currently owned by The Administrators of the Tulane Educational Fund, a Louisiana nonprofit corporation; (ii) funding reserves, as required; and (iii) paying costs of issuance and other related transaction costs in connection with completing the acquisition and the issuance of the Bonds (collectively, the “Project“). The initial owner of the Facility will be the Foundation.
All or a portion of the Bonds are expected to be issued as “qualified 501(c)(3) bonds” as defined in Section 145 of the Code.
The Authority shall conduct the public hearing for the purpose of receiving comments on and hearing any objections (verbal or written) to the proposed issuance of the Bonds and the plan of finance accomplished by such issuance of the Bonds. All interested parties are invited to attend such public hearing to express their views.
Persons who intend to appear at the hearing and express their view are invited to contact Damon Burns, CEO/Executive Director of the Authority, at the Authority’s offices, either in writing or by telephone (504) 524-5533, in advance of the hearing. Any interested persons unable to attend the hearing may submit their views in writing to Mr. Burns prior to the date scheduled for the hearing. The location and time of the hearing may be changed or an additional hearing will be scheduled if requested to do so in written requests submitted to Mr. Burns prior to the aforementioned date of the hearing by a significant number of interested persons.
The Bonds are secured solely by payments made by the Foundation and certain funds and accounts established under the bond indenture for the Bonds, are not payable from any other revenue of the Authority, the City of New Orleans, or the State of Louisiana, and do not constitute an indebtedness of the Authority, the City of New Orleans, or the State of Louisiana, within the meaning of any constitutional or statutory limitation of indebtedness.
This notice is published and the aforementioned public hearing is to be held in satisfaction of the requirements of Section 147(f) of the Code, regarding the public approval prerequisite to the excludability from gross income for federal income tax purposes of the interest on the Bonds.
THE FINANCE AUTHORITY OF NEW ORLEANS
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