State Senator Kevin Parker (D-21) Interviews Paul Williams President of the NYS Dormitory Authority
June 5, 2012
Economic Development and History of DASNY
The Dormitory Authority is a public benefit corporation serving the citizens of New York State through construction and financing programs. It was created in 1944 by legislation authorizing the Authority to finance and construct dormitories for State teachers' colleges (hence the name). The purpose of the Authority is to finance and build facilities for higher education, health care providers, court facilities and certain nonprofit institutions and public agencies. The Authority issues tax-exempt securities, then lends the proceeds to clients to finance the construction, rehabilitation, or equipping of facilities needed to furnish services to New Yorkers.
About Senator Kevin Parker:
Senator Kevin S. Parker is a member of the Black, Puerto Rican, Hispanic and Asian Caucus. He is intimately familiar with the needs of his ethnically diverse community that consists of 311,000 constituents in Flatbush, East Flatbush, Midwood, Ditmas Park, Kensington and Borough Park. He is the Ranking Member of the Senate Energy and Telecommunications Committee, former Majority Whip and Chair of the Democratic Task Force on New Americans.