DASNY Press Releases

Gerrard P. Bushell, DASNY President & CEO, announced today that the Dormitory Authority of the State of New York and the State University of New York issued approximately $150 million in low-cost, tax-exempt bonds through DASNY’s SUNY Dormitory Facilities Program for residence hall capital projects across New York State. 

Gerrard P. Bushell, DASNY President & CEO, announced today that the Dormitory Authority of the State of New York and the State University of New York issued approximately $150 million in low-cost, tax-exempt bonds through DASNY’s SUNY Dormitory Facilities Program for residence hall capital projects across New York State.

Gerrard P. Bushell, DASNY President & CEO, announced today that the Dormitory Authority of the State of New York and The State University of New York issued approximately $150 million in low-cost, tax-exempt bonds through DASNY’s SUNY Dormitory Facilities Program for residence hall capital projects across New York State.

Gerrard P. Bushell, DASNY President & CEO, announced today that the Dormitory Authority of the State of New York and the State University of New York issued approximately $150 million in low-cost, tax-exempt bonds through DASNY’s SUNY Dormitory Facilities Program for residence hall capital projects across New York State.

Governor Andrew M. Cuomo today announced more than $520 million in energy efficient upgrades across the City University of New York system. Coinciding with Earth Week, the energy-saving measures will reduce environmental impacts and operating costs while helping CUNY reach the Governor’s statewide energy goals to build a clean energy future for all of New York State.

Governor Andrew M. Cuomo today announced the construction of a new, $21 million, 256-bed residence hall at SUNY College at Brockport. Under the design-build method, both design and construction services are provided through a single contract to help expedite projects and provide savings. The project is financed through DASNY’s SUNY Dormitory Facilities Program and is being built by DASNY. Ground is expected to break in May 2017 and the project is scheduled for completion in summer 2018.

DASNY President & CEO Gerrard P. Bushell announced today the selection of J.P. West, Inc., a minority- and woman-owned insurance firm, as DASNY’s broker of record for its Commercial General and Excess Liability insurance program. This is the first time that a minority and/or women-owned business enterprise (MWBE) has been selected to act as the broker of record for General Liability insurance for DASNY, one of the nation’s largest issuers of low-cost, tax-exempt bonds and one of its biggest public builders.

DASNY, in consultation with the New York State Department of Health, selected the Primary Care Development Corporation to administer the fund. Borrowers will be chosen by PCDC through an application process that is approved by DASNY and NYSDOH. The funds will be used to provide loans for projects at eligible facilities. Eligible projects may include construction, renovation, expansion and upgrading costs. The funds may also be used for credit enhancement and loan and debt service reserves to allow a facility to stimulate greater private sector investment.

The Governor’s Office of Storm Recovery (GOSR) today announced the start of a construction project that will better enable the Town of Rotterdam’s Fire District #1 to respond to severe storm-related emergencies, while providing ample space for residents to seek emergency medical services and to collect and store necessary supplies and equipment.

Gerrard P. Bushell, President and CEO of DASNY, announced today Albany Public Library will save approximately $4 million over the next 20 years as a result of DASNY’s refunding of approximately $23 million of the Library’s bonds. At least a portion of the $200,000 in annual debt service payment savings will be returned to taxpayers.