Capital Restructuring Financing Program (CRFP)

On Friday, March 4, 2016, Governor Andrew M. Cuomo announced a total of $1.5 Billion to fund 162 projects statewide through the Capital Restructuring Financing Program (CRFP) and Essential Health Care Provider Support Program (EHCPSP). This funding is a commitment made by New York State to help health care providers statewide fund critical capital and infrastructure improvements, as well as integrate and further develop health systems. These awards were created to support the goals of the Delivery System Reform Incentive Payment (DSRIP) Program.

Below are awards listed by region:

CRFP Webinars

On September 16, 2016, DOH hosted a webinar for PPS & Awardees for an update on processes and timelines associated with the capital grants made available through the Capital Restructuring Finance Program (CRFP).

On September 1, 2015, the following RFP which announced the availability of funds under the CRFP in November 2014 was reissued. Applicants who responded to that RFA were encouraged to reapply.

CRFP RFA:

Previously Released Information Related to the Former RFA

DOH/DASNY Webinar re: Tax Exempt Bonds

With the implementation of DSRIP and the Capital Restructuring Financing Program, it is important for health care professionals to understand how IRS regulations and in particular the restrictions on "private business use" governs the use of buildings and other capital projects if they were financed with tax exempt bonds. With these planning activities underway, it is now important for a broad array of health care professionals to understand the basic tax rules governing tax-exempt bonds in order to make appropriate business decisions and not adversely impact the tax status of bonds previously issued for the benefit of a health care institution, whether those bonds were issued by the Dormitory Authority, a New York City agency or some other entity.

On November 18, 2014 the Department of Health and NYS Dormitory Authority hosted a webinar in which bond counsel presented a primer on tax exempt bonds and the implications for private business use of facilities that have been financed with tax exempt bonds. This 90- minute presentation is relevant for professionals working in health care administration, planning, and finance, and particularly those planning projects that will entail changes in how facilities are used.