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The New York State Department of Health (NYSDOH) has released an additional Request for Applications (RFAs) under the Statewide Health Care Facility Transformation Program IV. This round of funding will focus on supporting capital projects, debt retirement and restructuring, working capital and other non-capital projects directly related to furthering healthcare transformation goals of improving quality of care, access to care, and ensuring financial sustainability of healthcare providers. The Department will award up to $250 million in funding to support multiple eligible projects. Funding will be made available in the form of grants to cover eligible expenses proposed in the approved applications. RFAs for proposed projects can be submitted from now until the submission deadline of March 26, 2024.
Applicants should submit proposals for projects that align with, and advance, the Department’s goals:
Applicants must be one of the following types of eligible organizations, legally existing, and capable of signing a binding Master Grant Contract with the Department of Health:
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To apply for grant funding, eligible applicants must submit a detailed project proposal with robust descriptions of the eligible project and justification for all expenditures included in the Project Budget, as well as narratives explaining how expenditures relate to the eligible project.
Applicants may request funding for more than one Eligible Project. However, separate applications must be submitted for non-capital projects or debt retirement and restructuring purposes, even if they are part of the same project. If multiple RFAs are submitted, each application must be assigned a priority order.
Expenditures eligible for funding “capital projects” may include, but are not limited to:
Expenditures eligible for funding “debt retirement and restructuring, and other non-capital projects” may include, but are not limited to:
In determining awards for Eligible Projects, the NYSDOH shall consider criteria including, but not limited to:
Contact Mazars for questions about this funding opportunity and ways we can assist with grant applications.
Authors
Steven Herbst, Principal, Healthcare Consulting
Devon Judge, Director, Healthcare Consulting
The information provided here is for general guidance only, and does not constitute the provision of tax advice, accounting services, investment advice, legal advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal or other competent advisers.
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