Authorizes the dormitory authority to provide financing to D'Youville Housing Association LLC for the construction of facilities

2025 Regular Session Introduced by Jon Rivera

DASNY may finance or refinance the development and upgrade of on-campus residential housing for D’Youville University via D’Youville Housing Association LLC.

REPORTED

Purpose and intent

This bill authorizes the Dormitory Authority of the State of New York (DASNY) to finance or refinance the development of residential housing on the campus of D’Youville University.

Specifically, it designates D’Youville Housing Association LLC as the entity that may receive financing from the Dormitory Authority for project activities related to housing facilities on the university campus.

Key provisions

Authorization language

The bill adds a new undesignated paragraph to:

Paragraph (b) of subdivision 2 of section 1676 of the public authorities law, and
Subdivision 1 of section 1680 of the public authorities law,

Both additions authorize DASNY to provide financing or refinancing for D’Youville Housing Association LLC for:

Acquisition, design, construction, reconstruction, rehabilitation, improvement, furnishing, and equipping of residential housing
Or any other means of providing for residential housing located on the campus of D’Youville University

Scope of projects

Projects covered include:

Acquisition of land or facilities
Design and construction of housing facilities
Rehabilitation or modernization of existing housing
Improvement and furnishing/equipment of housing facilities

The housing is specifically located on the campus of D’Youville University, indicating a campus-based housing initiative affiliated with the university.

Affected entities and players

DASNY (Dormitory Authority of the State of New York): Authorized to provide financing or refinancing for the described housing projects.

D’Youville Housing Association LLC: The designated borrower/financier for the campus housing projects.

D’Youville University: The beneficiary campus where housing facilities will be developed or upgraded.

Procedural history (as of provided text)

Introduced in the Assembly on March 13, 2026, by Assembly Member Rivera (co-sponsor: Jon Rivera).

Referred to the Committee on Corporations, Authorities and Commissions.

Action history shows subsequent referrals and reporting:

Referred to Ways and Means (April 21, 2026)
Reported (April 28, 2026)

Potential impact

Investment and financing: Enables DASNY to extend financing tools to D’Youville University for campus housing, which could facilitate construction or modernization of student housing without immediate funding from university capital or private financing alone.

Student housing capacity: Potentially increases on-campus housing availability, supporting enrollment management and student life initiatives at D’Youville University.

Public authority role: Expands the scope of DASNY’s financing authority to include a specific university-affiliated housing entity, aligning with DASNY’s broader mission to support public higher education facilities.

Notes for readers

The bill uses standard “new undesignated paragraph” language in two sections of the public authorities law to authorize the housing financing arrangement.

Details such as cost, terms, interest rates, repayment schedules, or specific project timelines are not in the bill text and would be determined in subsequent financing agreements between DASNY and D’Youville Housing Association LLC.

Bill

Authorizes the dormitory authority to provide financing to D'Youville Housing Association LLC for the construction of facilities

Bill Summary: A 10602 (2025-2026) – New York

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