Dasny
DASNY is a New York State public benefit corporation that provides tax-exempt bond and lease financing, construction, and grant-administration services to healthcare, higher education, municipal, and nonprofit institutions across New York State.
- Company typePrivate
- Founded1944
- HeadquartersAlbany, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Dasny does
DASNY (Dormitory Authority of the State of New York) is a public benefit corporation of the State of New York, founded in 1944 and headquartered in Albany, with 251–500 employees and additional offices in New York City and Buffalo. It provides tax-exempt bond financing, tax-exempt lease financing (through the Tax-Exempt Leasing Program, TELP), and end-to-end design, construction, procurement, code-compliance, environmental, interior-design, and real-property services to three primary client segments: healthcare organizations, higher education institutions (notably SUNY), and municipalities and not-for-profits across New York State. The authority also administers a portfolio of competitive state capital grant programs — including NY PLATES ($10M, food infrastructure), NY PLAYS ($67.5M, playgrounds), NY SWIMS ($150M, swimming facilities), NY BRICKS ($100M, community centers), the Child Care Capital Program ($100M), the Veterans Nonprofit Capital Program, and NICIP — and manages the $200M Social Equity Cannabis Investment Fund in partnership with Chicago Atlantic through a dedicated subsidiary, The Social Equity Servicing Corporation.
DASNY's business model is a hybrid of fee-based services and state-appropriated program administration rather than commercial sales. The authority is funded by administrative fees on bond issuance and TELP transactions, appropriations for grant administration, and subsidiary-level program structures, all anchored by its AAA credit rating from KBRA — supported by RBTF Receipts coverage of maximum annual debt service and a 2.0x additional bonds test — which delivers a structural cost-of-capital advantage for its institutional clients. The organization is governed by an 11-member Board chaired by Lisa Gomez, with Robert J. Rodriguez serving as President & CEO under Governor Kathy Hochul.
The authority operates three wholly owned subsidiaries — NGHP Holding Corporation, Atlantic Avenue Healthcare Property Holding Corporation, and The Social Equity Servicing Corporation — used to ring-fence specific programs (notably cannabis) from the core bond-issuing balance sheet. Distribution is direct-to-institutional: competitive RFPs and Requests for Applications (RFAs), supplemented by a public-facing website, newsletters, and YouTube-webcast board meetings. Geographically, DASNY is single-jurisdiction, serving exclusively New York State, with statutory authority that effectively creates a regulatory monopoly on state-backed tax-exempt institutional financing within that geography.
Dasny firmographics
Firmographics- Name
- Dasny
- Legal name
- Dormitory Authority of the State of New York
- Website
- https://dasny.org
- Company type
- Private
- Founded year
- 1944
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- DASNY is a New York State public benefit corporation that provides tax-exempt bond and lease financing, construction, and grant-administration services to healthcare, higher education, municipal, and nonprofit institutions across New York State.
- Ownership category
- akta.pro rank
Dasny industry classification
Industry- Product category
- Public Infrastructure Financing
- NAICS
- Administration of Housing Programs, Urban Planning, and Community Development (9251)
- akta.pro industry
- Public Health Program Grants Management & AdministrationHealthcare & Life Sciences/Public Health, Government & Regulators/Public Health Funding, Grants & Program AdministrationSocial Justice & Human Rights Grantmaking Foundations
Keywords
Where Dasny is headquartered
LocationHeadquarters
- HQ city
- Albany
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Dasny business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D
Revenue model
- Bond Issuance and Financing Services: DASNY issues bonds and provides financing for institutional clients including healthcare facilities, higher education institutions, and public facilities. Revenue comes from arranging and managing tax-exempt lease financing and bond issuances.
- Capital Grant Administration: DASNY administers capital grant programs on behalf of New York State including NY PLATES, NY PLAYS, NY SWIMS, NY BRICKS, Child Care Capital Program, and Veterans Nonprofit Capital Program. These are pass-through programs funded by state appropriations.
- Cannabis Social Equity Program Administration: DASNY administers the CAURD social equity cannabis program in partnership with Chicago Atlantic, managing the $200 million Social Equity Cannabis Investment Fund for first-generation licensees.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels6 records
Dasny product offering
Product offeringCore offering
DASNY is a New York State public benefit corporation that issues tax-exempt bonds and provides design, construction, and financing services to healthcare organizations, higher education institutions, municipalities, and not-for-profit organizations. It also administers a portfolio of state capital grant programs (NY PLATES, NY PLAYS, NY SWIMS, NY BRICKS, Child Care Capital Program, Veterans Nonprofit Capital Program) and operates the Tax-Exempt Leasing Program (TELP) for equipment financing, including the $200 million Social Equity Cannabis Investment Fund.
Product overview
DASNY is a New York State public benefit corporation that provides financing, design, and construction services for state institutions. The organization operates a portfolio of capital grant programs including NY PLATES ($10M for food assistance), NY PLAYS ($67.5M for playgrounds), NY SWIMS ($150M for swimming facilities), NY BRICKS ($100M for community centers), the Child Care Capital Program ($100M), Veterans Nonprofit Capital Program, and the Nonprofit Infrastructure Capital Investment Program. DASNY also administers the Tax-Exempt Leasing Program (TELP) for equipment financing and the Social Equity Cannabis Investment Fund ($200M). These programs collectively support community and economic development across New York State through capital grants and financial services for healthcare, higher education, public facilities, and social equity initiatives.
Differentiator
Problem solved
Functional benefit
Products and services
- Tax-Exempt Leasing Program (TELP)
- NY PLATES (New York Providing Local Access to Essential Sustenance Program)
- NY PLAYS (New York Places for Learning, Activity and Youth Socialization)
- NY SWIMS (New York Statewide Investment in More Swimming)
- NY BRICKS (New York Building Recreational Infrastructure for Communities, Kids and Seniors)
- Child Care Capital Construction Funding Program (4CFP)
- Veterans Nonprofit Capital Program (VNCP)
- Nonprofit Infrastructure Capital Investment Program (NICIP)
- Social Equity Cannabis Investment Fund
- Cannabis Social Equity Program
- Tax-Exempt Bond Issuance and Financial Services
- Design, Construction, and Procurement Services
Quantifiable outcome
- $35.4 million in equipment financing closed for SUNY Upstate Medical University
- +3 more outcomes
Companies that use Dasny
Customer profileNamed customers4 records
Segments5 records
Ideal customer profiles5 records
Dasny technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Dasny partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- SUNY Upstate Medical UniversitycoreSUNY Upstate Medical University is a client receiving $35.4 million in tax-exempt lease financing through DASNY's Tax Exempt Leasing Program (TELP). The financing funds clinical, surgical, diagnostic, and IT equipment across the university's downtown and community campuses in Syracuse.
Scale indicators12 records
Recent moves7 records
Expansion highlights5 records
Dasny competitors and assessment
Company assessmentMarket position
Competitive moat4 records
Key highlights7 records
Customer concentration
Dasny social profiles
Digital presenceDasny financial estimates
Financial estimateRevenue estimate
Valuation estimate
Dasny leadership team
Management profileNumber of profiles
Profiles2 records
Dasny subsidiaries and ownership
Company hierarchySubsidiaries3 records
Dasny funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Dasny M&A and investment
M&A and investmentM&A
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Dasny
What does Dasny do?
DASNY is a New York State public benefit corporation that issues tax-exempt bonds and provides design, construction, and financing services to healthcare organizations, higher education institutions, municipalities, and not-for-profit organizations. It also administers a portfolio of state capital grant programs (NY PLATES, NY PLAYS, NY SWIMS, NY BRICKS, Child Care Capital Program, Veterans Nonprofit Capital Program) and operates the Tax-Exempt Leasing Program (TELP) for equipment financing, including the $200 million Social Equity Cannabis Investment Fund.
Is Dasny a public or private company?
Dasny is a private company. It is classified as state government owned and is currently operating.
When was Dasny founded?
Dasny was founded in 1944. It employs 101 to 250 people.
Where is Dasny based?
Dasny is headquartered in Albany, United States, in the North America region.
How does Dasny make money?
Three revenue lines are on record. Bond Issuance and Financing Services are the primary driver. The others are capital Grant Administration and cannabis Social Equity Program Administration.
Does Dasny have an API?
No public API is recorded for Dasny.
What industry is Dasny in?
Dasny's product category is Public Infrastructure Financing. Its primary akta.pro industry code is HLAJALAC, Public Health Program Grants Management & Administration, with a secondary code of BPAGAKAN, Social Justice & Human Rights Grantmaking Foundations. Its NAICS code is 9251.