The Dormitory Authority of the State of New York (DASNY) and the State University of New York have 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.
The DASNY-SUNY financing partnership is expected to deliver more than $31 million to the mid-Hudson region, with approximately $13 million supporting the $19 million renovation of SUNY New Paltz’s Bevier Hall. The 212-bed, 49-year-old residence hall is undergoing a complete mechanical and plumbing upgrade and improvements to its fire protection system. A new elevator and entrance are being added, as well as new meeting spaces. The financing also supports other projects at SUNY New Paltz.
SUNY New Paltz President Donald P. Christian said, “This low-cost financing will support projects in many of our residential facilities and help to refresh on-campus housing at SUNY New Paltz. Continued improvement of our physical environment is critical to our ability to serve current and future students well with the high-quality programs and opportunities they deserve. We look forward to witnessing the impact of these projects on our students’ living and learning experiences in the coming years.”