Bronx Politics and Community events
The New York State Office of Addiction Services and Supports (OASAS) today announced the opening of a new residential treatment center in the Bronx. Operated by Argus Inc, the Elizabeth L. Sturz Treatment Center will house 114 treatment beds for women and men, offering rehabilitation and reintegration services in one location. OASAS provided more than $26 million for the construction of the new building, as well as more than $2,600,000 in annual operational funding.
“This new facility will provide much needed help to underserved persons in the community who have been impacted by addiction,” OASAS Commissioner Dr. Chinazo Cunningham said. “Residential service programs are an important part of the full addiction service continuum in New York State and provide a safe and supportive setting to improve long-term health.”
“Argus is excited for the opening of its new state-of-art treatment facility and grateful to OASAS for providing guidance and funding for its design and construction,” said Argus Co-Executive Director Cynthia Delarosa. “The new facility will house a residential treatment program, as well as a medically-supervised outpatient SUD treatment clinic, which will provide life changing resources and services in our communities.”
The Elizabeth L. Sturz Treatment Center will provide individualized care management and evidence-based treatment to persons with co-occurring mental illness and substance use disorder, as well as HIV positive individuals and formerly incarcerated and/or formerly homeless individuals.
The new facility is located at 830 Forrest Avenue, Bronx, NY 10456
The New York State Office of Addiction Services and Supports oversees one of the nation’s largest substance use disorder systems of care with approximately 1,700 prevention, treatment and recovery programs serving over 731,000 individuals per year. This includes the direct operation of 12 Addiction Treatment Centers where our doctors, nurses, and clinical staff provide inpatient and residential services to approximately 8,000 individuals per year.
If you, or a loved one, have experienced insurance obstacles related to treatment or need help filing an appeal for a denied claim, contact the CHAMP helpline by phone at 888-614-5400 or email at ombuds@oasas.ny.gov.
State Comptroller Thomas P. DiNapoli yesterday awarded through negotiated sale $572,715,000 of New York State General Obligation (GO) Bonds. After a one-day retail and institutional order period, the State received total orders of over $1.6 billion or 2.8 times the amount of bonds offered, which allowed the State to reduce yields in many maturities. Ultimately, retail orders supported over 55 percent of the total bond sale, of which 85 percent was from New York retail buyers. The true interest cost of the GO Bonds was 3.99 percent.
“I am very pleased with the sale results, which demonstrate robust demand from investors large and small for New York’s General Obligation bonds,” said DiNapoli. “This buoyant demand allowed the state to reduce yields offered, and hence reduce costs for taxpayers.”
The GO Bonds consist of:
BofA Securities, Inc. was the Senior Book-Running Manager along with Ramirez & Co., Inc. as Co-Senior Manager, to sell the bonds on behalf of the State. Co-Managers included Loop Capital Markets, RBC Capital Markets and Seibert Williams Shank & Co.. In addition, BofA Securities, Inc. acted as Lead Dealer Manager, along with Loop Capital Markets as Co-Dealer Manager, to assist the State with an Invitation to Tender certain outstanding GO Bonds to be refunded.
The bonds are scheduled to be delivered on Oct. 11, 2023.