The Dormitory Authority of the State of New York (DASNY) was founded in 1970 and is headquartered in Albany, New York. It serves as a prominent public benefit corporation dedicated to financing and constructing educational and healthcare facilities across the state. DASNY's key services include the issuance of bonds to fund public and private projects, providing innovative financial solutions to support New York's vital infrastructure.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
DASNY has been an active issuer of bonds since its inception, focusing on the financing of public educational institutions and healthcare facilities. Notably, in 2021, DASNY issued $1.4 billion in bonds to support various projects, including substantial investments in college dormitory construction. Current yields on DASNY bonds are competitive compared to industry averages, with significant demand reflecting investor trust in New York-based municipal bonds. Special features of DASNY’s bond offerings often include tax-exempt status and varying maturities, enhancing their appeal to a diverse range of investors.