DASNY PROVIDES $22.8 MILLION IN TAX-EXEMPT FINANCING FOR THE ARC NEW YORK

Financing will Support Equipment Used to Provide Services for People with Intellectual and Developmental Disabilities Across New York State

ALBANY, N.Y. - The Dormitory Authority of the State of New York (DASNY) today announced the closing of $22.8 million in tax-exempt lease financing on behalf of NYSARC, Inc., d/b/a The Arc New York. The financing will support the purchase of vehicles, technology and other equipment used to provide services across its statewide network.

The Arc New York is a nonprofit organization that provides services, support and advocacy for people with intellectual and developmental disabilities throughout New York.

DASNY provided the financing through its Tax-Exempt Leasing Program (TELP), which helps eligible nonprofit organizations finance vehicles, technology and other equipment at lower borrowing costs.

DASNY President & CEO Robert J. Rodriguez said: "The Arc New York and its chapters provide essential services that support people and families in communities across New York. Through TELP, DASNY can help organizations invest in the vehicles, technology and equipment they need to carry out that work. We are proud to continue our longstanding partnership with The Arc New York and support its work serving New Yorkers with intellectual and developmental disabilities."

The Arc New York CEO Erik Geizer said: "The vehicles, technology and equipment supported through TELP are essential to delivering high-quality services and supports in communities across New York State. This investment will help our Chapters strengthen their operations, enhance their services, and continue meeting the evolving needs of the people and families they support. We are grateful to DASNY for its longstanding partnership and continued investment in our mission of providing people with intellectual, developmental, and other disabilities the ordinary and extraordinary opportunities of life."

The Arc New York is a long-time DASNY financing client. Earlier this year, DASNY closed a $14.5 million revenue bond financing on behalf of NYSARC to support improvements at 21 facilities operated by nine participating chapters across New York.

Since 1995, DASNY's Tax-Exempt Leasing Program has helped finance more than $3.6 billion in equipment for health care facilities, higher education institutions and other eligible nonprofit organizations. TELP helps organizations finance a range of needs, including vehicles, information technology, medical and laboratory equipment and other capital equipment.

About The Arc New York
The Arc New York is the largest provider of supports and services for people intellectual and developmental disabilities in New York state. The 32 local Chapters of The Arc New York collectively support more than 60,000 people with disabilities and their families in every county of the state, and employ more than 30,000 people in the shared mission to provide people with intellectual, developmental and other disabilities the ordinary and extraordinary opportunities of life. Founded by families more than 75 years ago, The Arc New York continues to be an influential advocate for the rights, opportunities, and inclusion of people with intellectual and developmental disabilities.

About DASNY
Founded in 1944, DASNY is New York State's capital project development authority. It finances and constructs sustainable and resilient science, health and education institutions that help New York thrive. It is one of the largest issuers of tax-exempt bonds in the nation with an outstanding bond and notes portfolio of approximately $68.2 billion as of June 30, 2026. DASNY is also a prolific public builder with a construction pipeline of approximately 1,400 projects valued at more than $15 billion as of June 30, 2026.