DASNY Press Releases

Firms Selected to Design and Build New York Adult-Use Retail Cannabis Dispensaries

Locations to be Operated by Entrepreneurs Impacted by Inequitable Enforcement of Cannabis Laws

The New York Social Equity Cannabis Investment Fund, LP (the “Fund”) in conjunction with the Social Equity Servicing Corporation (SESC), a Dormitory Authority of the New York State subsidiary, announces that 10 teams of firms have been awarded bids to design and construct the first adult-use retail cannabis dispensaries to be opened in New York.

Read More
Governor Hochul Announces Major Progress Toward Advancing Equity in Cannabis

Governor Kathy Hochul today announced next steps toward advancing equity in New York's growing cannabis industry. Today's announcement includes the selection of Social Equity Impact Ventures, LLC, a premier minority-led investment team, to sponsor and manage the $200 million New York Social Equity Cannabis Investment Fund.

Read More
Social Equity Cannabis Investment Program Request For Proposals Announced

DASNY Seeks Firms for $200 million Social Equity Program to Develop Conditional Adult-Use Retail Cannabis Dispensaries for Social Equity Licensees

The Dormitory Authority of the State of New York (DASNY) today announced that it has released two requests for proposals (RFPs) relating to the Social Equity Cannabis Investment Program (the Program) that was included in the FY 2023 Enacted State Budget.

Read More
Governor Hochul Announces Project Labor Agreement for Long Island Public Work Projects

DASNY to Develop Agreement to Help Improve Construction Projects in Nassau and Suffolk. Adding Green Collar Jobs to Help Achieve Goals of the Climate Leadership and Community Protection Act. Pipeline to Family-Sustaining Construction Careers through Union Apprenticeship Programs. Governor to Appoint Labor Representative to Climate Action Council. 

Read More
DASNY Announces $30.7 Million Financing to Support Library Construction on Long Island
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.
Read More
Governor Hochul Announces Completion of Broad Channel Resiliency Project
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.
Read More
DASNY Announces $8 Billion in Low-Cost Financing Helps Strengthen Educational and Nonprofit Institutions in 2021
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.
Read More
DASNY Announces $312 Million in Construction Projects Completed for Health Care, Higher Education Institutions in 2021
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.
Read More
Governor Hochul Announces Eleventh Annual Minority- and Women-Owned Business Enterprise Forum to Be Held at The Albany Capital Center and Virtually
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.
Read More
Governor Hochul Announces Completion of $7.58 Million Resiliency Project Along Lake Ontario Waterfront in Wayne County
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.
Read More