Reuben R. McDaniel III, President & CEO of The Dormitory Authority of the State of New York (DASNY) announced today DASNY has issued $30.7 million in low-cost tax-exempt bonds to enable the Oceanside Library on Long Island to expand and renovate its facility and to refund outstanding debt to achieve near-term debt service savings. The transaction is rated Aa2 by Moody’s.
DASNY Press Releases
Governor Kathy Hochul today announced the completion of $5.5 million in resiliency upgrades in Broad Channel, a low-lying island in Jamaica Bay. Lieutenant Governor Brian Benjamin joined Governor's Office of Storm Recovery (GOSR) Executive Director Katie Brennan, Queens Borough President Donovan Richards, as well as other community leaders and elected officials during today's ribbon cutting ceremony and celebrated the completion of this multi-year investment.
Reuben R. McDaniel, III, President & CEO of The Dormitory Authority of The State of New York (DASNY) announced today $8 billion in low-cost financing obtained through DASNY was issued in 2021 to help school districts and higher education, and not-for-profit institutions reduce costs through low-cost financing.
Reuben R. McDaniel, III, President & CEO of the Dormitory Authority of the State of New York (DASNY) announced today that DASNY completed $312 million in construction projects for higher education and health care institutions statewide in 2021.
Governor Kathy Hochul today announced the Eleventh Annual Minority- and Women-Owned Business Enterprise Forum will be held from December 14 through December 16 at the Albany Capital Center.
Governor Kathy Hochul today announced the completion of a Resiliency and Economic Development Initiative (REDI) project in the village of Sodus Point, Wayne County. The village is a popular destination for boaters, drawing visitors from across the state. The completed $7.58 million REDI grant-funded project at Wickham Boulevard and Greig Street will protect public areas, businesses, and homes from future flooding and provide additional recreational opportunities, safeguarding this community's critical tourist industry.
Reuben R. McDaniel, III, President & CEO of The Dormitory Authority of The State of New York (DASNY) announced today $5 billion in low-cost financing obtained through DASNY has been issued to help school districts and higher education, and not-for-profit institutions reduce costs through low-cost financing for the first nine months of the year.
Governor Kathy Hochul today announced the completion of a $14 million resiliency project awarded to the town of Newfane, Niagara County, through the State's Resiliency and Economic Development Initiative (REDI). Olcott Harbor is an important recreational harbor located on the southern shore of Lake Ontario. The harbor area includes the Town of Newfane Marina, Olcott Yacht Club, Hedley Boat Company, McDonough Marine, and several private homes. In 2017 and 2019, the harbor entrance was overwhelmed by flooding, wind-driven waves, and sediment deposition in the navigation channel. High water levels, wave agitation, and new sediment deposits prevented safe refuge and navigation by large and small recreational watercraft.
Reuben R. McDaniel, III, President & CEO of the Dormitory Authority of the State of New York (DASNY) announced today $276 million in construction projects for higher education and health care institutions statewide were completed during the first nine months of 2021 by the DASNY.
Governor Kathy Hochul today announced that The Governor's Office of Storm Recovery (GOSR) will begin construction on a $14 million project to protect the most at-risk sections of Fresh Creek's shoreline in Canarsie, Brooklyn. The project will help the community adapt to the effects of climate change by reducing flooding during future storms and rises in sea-level, and help the area recover more quickly during future storm events.