DASNY's Support for MWBE/SDVOB Firms Opens Doors to Larger Projects
DASNY and The Cayemitte Group (TCG) are offering the Fast Track to Surety Bonding Program, a four-month initiative to better prepare NYS-certified Minority-Women-Business Enterprises (MWBE) and Service-Disabled, Veteran-Owned Business (SDVOB) firms to bid as primary vendors for projects $500,000 or greater and to obtain Surety Bonds. To register for upcoming classes, visit DASNY's website.
DASNY's construction team installed a new roof as part of the Ingersoll Hall Extension Project at Brooklyn College, which had a 92% MWBE participation rate.
DASNY Issues Billions in Low-Cost Financing to Support Public, Private Clients
DASNY, among the nation’s largest issuers of low-cost, tax-exempt bonds and notes, issued $10.7 billion of low-cost financing during FY 2020-21 to support New York’s health care and higher education institutions, as well as school districts, local governments and not-for-profit organizations, and financings on behalf of the state.
In addition to issuing tax-exempt and taxable state personal income tax (PIT) revenue bonds to support various state operations, financings through DASNY benefitted numerous institutions across the state, including Cornell University, Rochester Institute of Technology (RIT), Fashion Institute of Technology (FIT), Maimonides Medical Center, and others in executing capital projects as well as refundings and refinancings.
Above: Transactions included $31.7 million for FIT's Student Housing Corporation to provide near term debt service relief. Photo Courtesy: FIT
Supporting Critical Infrastructure at New York's Private Colleges and Universities
In March, Governor Cuomo announced $57.2 million in capital grants to 35 New York State private, not-for-profit colleges and universities through the Higher Education Capital Matching (HeCAP) Grant Program.
These awards support a variety of projects, including many that provide increased training in health sciences through construction of new laboratory and research spaces, the purchase of new instructional technologies and medical equipment, and other capital investments and improvements.
HECap provides matching grants to private, not-for-profit colleges and universities for projects that enhance educational opportunities for New Yorkers, create construction jobs and drive investment in communities across the state. DASNY administers the program on behalf of the HECap Board. A list of projects that received funding is available on the DASNY website.
Project Spotlight
Moynihan Train Hall
DASNY’s Code Compliance Unit worked with the NYS Empire State Development Corporation (ESDC) to deliver code permitting services for the Moynihan Train Hall project.
DASNY is currently reviewing plans for fit out of the commercial development portion for Facebook consisting of approximately 750,000 square feet.
Design and development are underway for the fit-out of a food court in the Train Hall.
Moynihan Train Hall images courtesy:
Office of Governor Andrew M. Cuomo
Sustainability in Higher Education
DASNY Energy Efficiency Projects Benefit CUNY Campuses
DASNY recently delivered more than $226 million in energy efficiency projects to campuses across CUNY to help reduce energy usage and cut energy costs.
The work was complemented by $230 million of energy efficiency work on CUNY campuses by the New York Power Authority (NYPA) for total investments of more than $455 million.
The upgrades span 18 campuses and range from the replacement of outdated heating and cooling equipment to the installation of energy-efficient LED lighting.
The energy-saving improvements directly support programs by both NYPA and CUNY to reduce energy usage.
Achieving LEED Gold
for SUNY Albany
DASNY's work on the nearly $31 million renovation of Beverwyck and Schuyler Halls at the University of Albany has achieved LEED Gold by the U.S. Green Building Council (USGBC).
The renovations were financed through DASNY’s SUNY Dormitory Facilities Program, which issues low-cost, tax-exempt bonds supported by student residence hall fees.
Some of the LEED elements included the installation of a tankless water heating system, which provides an endless supply of hot water, while saving space and reducing energy costs, a new high-efficient heating system, among many others.
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DASNY's construction work across the state's higher education system in FY 2020-21 included $160 million of capital and renovation projects for SUNY campuses, and $148 million of projects for CUNY.
Achieving LEED Gold: Renovations at SUNY Albany included a Vending Café at Beverwyck
and Schuyler Halls.
Supporting Vulnerable New Yorkers
OASAS Projects Provides Options for Those in Need
DASNY continues work on projects for the New York State Office of Addiction Services and Supports (OASAS).
Projects for OASAS include the $15.5 million El Regreso, a new build with living space for 50 men recovering from substance abuse in the Hamilton County Area, which will be occupied by June of this year.
The budget also supports the $8.4m New York Therapeutic Communities (NYTC) – Serendipity II for women with substance abuse issues in Brooklyn's Bedford-Stuyvesant neighborhood.
Rendering of Serendipity II in Brooklyn (OASAS)
DASNY Expands Offerings
with Alternative Delivery Services Consultation
DASNY recently empaneled a roster of Alternative Delivery Consultants to expand options for clients who are exploring alternative delivery service models, including public-private partnerships, design-build arrangements, and methods for delivering value from their assets.
The consultants, selected through an RFP process, can provide expertise in Financial/Analytic services, project planning/design and construction, energy, and legal consulting. Working in cooperation with DASNY, these experts will enable clients to maximize the value of their work with DASNY and deliver the best possible return on their investments.
