What does DASNY mean in STATE & LOCAL

The Dormitory Authority of State of New York (DASNY) is a public benefit corporation created by the state of New York. It provides financing and construction services to governmental entities, including educational institutions and nonprofit organizations throughout the state.

DASNY provides financing and construction services to governmental entities, such as colleges and universities, K-12 schools, hospitals, health care facilities, libraries, museums, courts, and other not-for-profit entities in order to create job opportunities for its citizens.

Eligible recipients for financing or construction services from DASNY include governmental entities like colleges and universities, K-12 schools, hospitals, health care facilities, libraries, museums, courts, and other not-for-profit organizations within the state of New York.

Applications for assistance can be made directly through the website at dasny.org or via phone at 518-257-3000. More detailed information on how to apply can also be found on their website or by calling their customer service phone line.

By utilizing their financial and construction management services through their competitive bidding process offered to eligible applicants; they are able to provide access to competitively priced debt issuance fees when compared with those issued privately; thereby helping to keep borrowing costs low while allowing qualified project proponents access to capital markets. Additionally they make available a number of loan programs that offer fixed interest rates lower than what would typically be available in the private market.