Loyola Marymount University sells $90 million green bonds via CEFA

By Wendy Van Sickle

Columbus, Ohio, Oct. 15 – Loyola Marymount University sold about $90 million of green bonds through the California Educational Facilities Authority, according to a news release.

Proceeds will be used to construct new, sustainable student housing on the university's Westchester campus.

Loyola Marymount is the first university to sell green bonds through the facilities authority.

The new student housing, which will replace several older dormitories, will include energy-efficient design and construction, and is expected to qualify for LEED Silver certification, according to the release.

It is also expected that the project will increase the number of students living on the main campus in Los Angeles, thereby reducing pollution from students commuting to and from campus.

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