Governor Thomas E. Dewey signs the law that creates DASNY for the purpose of financing and constructing dormitories at 11 state teachers' colleges.
In November, DASNY's Board voted to award contracts to the low bidder on the first permanent dormitories, located at the Teachers College in Buffalo.
First bond issue in the amount of $10.3 million sells to finance dorms at 11 Teachers Colleges: Albany, Brockport, Buffalo, Cortland, Fredonia, Geneseo, Plattsburgh, New Paltz, Oneonta, Oswego and Potsdam.
Agreement signed, State University of New York (SUNY) will operate dorms built by DASNY.
The New York State Legislature begins annual appropriations for construction of SUNY dorms, allowing DASNY to begin long-range planning.
First bond issue sells on behalf of a private college, Wells College in Aurora, to construct a dorm.
DASNY begins to finance and build hospitals with nursing schools.
Law enables DASNY to work with City University Construction Fund (CUCF) to expand City University of New York (CUNY) facilities.
Begins Affirmative Action Program to expand job opportunities for minority construction workers and contractors.
Construction begins at first Community-College projects financed by DASNY.
