CFDA#
None.
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Funder Type
State Government
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IT Classification
B - Readily funds technology as part of an award
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Authority
Dormitory Authority of the State of New York
Summary
The Higher Education Capital (HECap”) Matching Grant Program supports the design, acquisition, construction, reconstruction, rehabilitation, or equipping of a facility on or near a college campus within the State of New York. This includes, but is not limited to, critical academic facilities, economic development and/or high technology projects, and urban renewal and/or historical preservation projects that would enhance the programmatic offerings or the student life at the College or provide economic development benefits to the area surrounding such college campus.
Eligible HECap projects should -
- Enhance the programmatic offerings at the College;
- Provide economic development benefits to the area surrounding the college campus; and/or
- Enhance student life at the College
HECap Grants may be used to renovate or equip property owned by or leased by the College so long as the term of the lease is for a term extending at least ten years from the date of Application.
There is no requirement that the project be shovel ready, with all plans and permits approved by the Application due date. There is also no requirement that the HECap project be located at a single site, as long as the nature of the project necessitates improvements to be made at multiple locations. Please note, however, that the HECap program is intended to support a single capital project located in the State of New York to benefit New Yorkers, and not a series of unrelated campus-wide facility renovations or projects in other States.
History of Funding
Previously funded projects can be found at https://www.dasny.org/about/what-we-do/grants-administration/hecap-board
Additional Information
Ineligible uses of HECap funds include, but are not limited to: working capital, rent, utilities, supplies, advances, deposits, down payments, lease payments, maintenance agreements, training, the repayment of existing long-term debt, payment of legal fees and other non-capital costs.
Please note that equipping a facility does NOT include building system components that are an integral component to the construction, reconstruction, or rehabilitation of a facility (i.e., HVAC, elevator, etc.). Such systems are deemed construction and will therefore need to comply with MWBE and Prevailing Wage Requirements.
Eligibility Details
Eligible applicants are independent New York State institutions of of higher education.
Deadline Details
Full applications were due March 22, 2024. Similar deadlines are anticipated bi-annually.
Award Details
Up to $50,000,000 is available for the fiscal year 2024. Individual awards may not exceed $5,000,000 each. The total number of Grants awarded will depend upon the amount of funds available; the number of Applications received at each Grant Funding Level and the score awarded to each application based upon responsiveness to the criteria set forth in this RGA,
Cost sharing/matching of 3:1 is required. This means the total project cost must be at least four times the amount of the HECap Grant award requested. Project periods may extend up to 24-months.
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