News & Opportunities
DASNY 2020 Annual Report Showcases
Leadership in State Infrastructure
DASNY continues to play a critical role in financing and building education and health care buildings across New York State.

Our contributions allowed hospitals, universities, and state and local governments to meet the growing and changing needs of our taxpayers efficiently and cost effectively.

Learn more in this year's report.
DASNY's 2020 Low-Cost Financing Supports Public, Private Clients Across New York State

DASNY, one of the nation’s largest issuers of low-cost, tax-exempt bonds and notes, issued $13.6 billion of low-cost financing during the first three quarters of calendar year 2020 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. 

Financing through DASNY supports various capital projects at Columbia University, NYU Langone Hospitals, Montefiore Medical System, and others. Portions of the bond proceeds from the bond transactions are also being used for refundings and refinancings.
DASNY Focusing on Improving Partnership with MWBE/SDVOB Contractors

DASNY is continuing its commitment to ensuring diversity and inclusion permeates every aspect of its business, with ongoing outreach to and work with registered Minority- and Women-Owned businesses (MWBE) and Service-Disabled Veteran-Owned (SDVOB) businesses. 

DASNY's Business Registry, a one-stop shop for current and potential contractors, includes 44 business categories for which DASNY seeks partners. These include construction trades, suppliers, design professionals and construction managers, financial services and other business consultants. 
 
Here are just a few examples of DASNY outreach to the MWBE/SDVOB communities from the past months:

  • On September 25, DASNY President and CEO Reuben R. McDaniel, III participated in a panel discussion as part of the 2020 Virtual Competitive Edge Conference to discuss DASNY's ongoing outreach efforts.


  • DASNY recently selected the Cayemitte Group (TCG) through a competitive bid process to provide Cayemitte Capital Management (CCM) services to its MWBE/SDVOB construction contractors. CCM will provide sureties and lenders with the risk mitigation needed to comfortably bond and lend funds for DASNY projects.
(Top) Proceeds of a $365.5 million financing through DASNY went to the construction of the White Plains Hospital Center for Advanced Medicine and Surgery. Rendering Courtesy: WPH.

(Middle): Michael Clay, (left) DASNY's Senior Director of Procurement and Opportunity Programs and David R. Cayemitte, (right)
President of The Cayemitte Group.
DASNY Completes Ambitious Program of Construction Projects at CUNY, SUNY Campuses Statewide
DASNY's construction teams were busy last summer, delivering hundreds of millions of dollars worth of campus upgrades to our public higher education partners. 
 
In the SUNY system, DASNY completed projects valued at $163 million over the course of the summer, including capital projects at six campuses, and 21 renovation projects across eight campuses. 

It also includes the renovation of the largest residence hall on the Alfred State College of Technology campus, achieving LEED-Silver standards. 
 
At CUNY, DASNY completed projects valued at $146 million, including 30 renovation projects across 17 campuses. These projects included a nearly $6 million restoration of the façade at the Borough of Manhattan Community College, more than $17 million in construction to upgrade Lehman College’s concert hall, and $10 million to refurbish the pool at the John Jay College of Criminal Justice. 
New DASNY-Constructed Residence Hall is Model of Sustainability

The work completed across SUNY campuses this summer included New York State’s first net zero-, carbon and net-zero energy-ready residence hall at the SUNY Polytechnic Campus in Utica. 

The building will use equal to or less than the energy annually it can produce on-site through renewable resources. The installation of renewable resources will be a future project. The hall will serve as a model for future campuses across the state.
(Top) Lehman College's Center for Performance received $17 million in upgrades.

(Middle) $10 million went to refurbishing the pool at Haaren Hall on the John Jay College of Criminal Justice Complex.

SUNY Polytechnic Institute in Utica's new Hilltop Campus is the first net zero-, carbon and net-zero energy-ready residence hall in New York State.
Project Spotlight
DASNY Helps Preserve History with Old Fort Johnson
Resiliency Project
DASNY and the Governor's Office of Storm recovery teamed up to ensure the Old Fort Johnson historical site in Montgomery County will be able to safely greet visitors for many years to come.

A flood control project and site improvements are now complete. DASNY supervised the project and administered funding through a grant from GOSR.

The stream bed was reconfigured to hold more water, with a new flood wall and concrete bridge supports.

Access to the 1749 house from the parking lot has been improved with paved sidewalks, and you'll also notice some new trees. Visitors are expected to be welcomed back to the site in the spring.
WE FINANCE, DESIGN & BUILD NEW YORK'S FUTURE.
The Dormitory Authority of the State of New York (DASNY) www.dasny.org