COMMUNITY GALLERY AND SUCCESS STORIES

  • Independence Crossing
  • Morgan Village
  • The Hegeman Residence
  • The Concern Heights Apartments
  • Darlyn Colon

FHLBNY Director Rev. DeForest B. Soaries and FHLBNY Chairman Michael M. Horn, break ground for Independence Crossing in Somerset, New Jersey

Citibank Breaks Ground on Housing Complex for Seniors

FHLBNY Director Rev. DeForest B. Soaries and FHLBNY Chairman Michael M. Horn, break ground for Independence Crossing in Somerset, New Jersey ...more


Guests cut the ribbon at Morgan Village a new 40-unit affordable housing facility serving low to moderate income families in Cam, New Jersey. The apartments were nearly fully occupied shortly after construction was completed

NJHMFA Constructs Affordable Housing Facility for Low to Moderate Income Families in Camden, NJ

Guests cut the ribbon at Morgan Village a new 40-unit affordable housing facility serving low to moderate income families in Cam, New Jersey. The apartments were nearly fully occupied shortly after construction was completed ...more


This ribbon-cutting officially opened The Hegeman Residence, which provides permanent affordable housing for 100 formerly homeless single adults and 61 low-income working adults at or below 60% of the area median income in Brooklyn

Common Ground to Provide Housing for Formerly Homeless and Low Income Adults in Brownsville, Brooklyn

This ribbon-cutting officially opened The Hegeman Residence, which provides permanent affordable housing for 100 formerly homeless single adults and 61 low-income working adults at or below 60% of the area median income in Brooklyn ...more


The Concern Heights Apartments, a new sixty-story, 90-unit building, brings innovative supportive housing, as well as new jobs, to Crown Heights in Brooklyn

Astoria Federal Savings Opens Supportive Housing Complex in Crown Heights, Brooklyn

The Concern Heights Apartments, a new sixty-story, 90-unit building, brings innovative supportive housing, as well as new jobs, to Crown Heights in Brooklyn ...more

To help overcome the cost barrier, Darlyn Colon received a $7,500 First Home Club grant from the Federal Home Loan Bank of New York and The Summit Federal Credit Union

First Home Clubsm Recipient Spotlight

To help overcome the cost barrier, Darlyn Colon received a $7,500 First Home Club grant from the Federal Home Loan Bank of New York and The Summit Federal Credit Union...more

OTHER STORIES

  • Affordable Housing Grants to Assist in Creation of Special Needs Housing in New Jersey

    In the current economic environment, many funding sources have all but vanished from the financial landscape. But the HLB’s Affordable Housing Program (AHP) continues to serve as a significant source of funding for affordable housing initiatives across the region. This is not lost on Richard Motta, president and CEO of the Volunteers of...more

  • Habitat for Humanity of Greater Newburgh Receives $70,000 HLB AHP Grant Through M&T Bank

    Through member lender M&T Bank, $70,000 in Affordable Housing Program (AHP) funding was granted to Habitat for Humanity of Greater Newburgh to help create seven homeownership opportunities for very low-income families. Habitat purchased four abandoned, boarded-up buildings from the City of Newburgh, to completely gut and rehabilitate. Habitat also...more

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  • HSBC Bank USA Supports Specialty Housing for the Mentally Disabled in Monroe County, New York

    Member lender HSBC Bank USA used two Community Investment Program (CIP) Advances (one for $235,000 with a 15-year maturity and another for $45,000 with a 5-year maturity) to extend funding to Lifetime Assistance, Inc. (LAI) for the purchase and renovation of a residential facility on Webber Circle in Rochester, New York. LAI is a non-profit...more

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  • HSBC Bank USA Finances Two Developmental Day Centers in Upstate New York

    HSBC Bank USA used the HLB’s Rural Development Advance (RDA) to fund two day centers owned and operated by Heritage Christian Services, Inc. (HCS) in Tonawanda and Webster, New York. HCS was created by a group of local parents whose children had disabilities. The parents were disenchanted with the level of care that was available and formed HCS to...more

  • HSBC Bank USA Uses RDA Funding for Home Ownership Center in Norwich, New York

    Member lender HSBC Bank USA used $165,000 in HLB RDA funding to provide mortgage financing for the Quaranta Home Ownership & Housing Services Center. The center is owned and operated by Opportunities for Chenango, Inc. (OFC), a non-profit agency chartered as the Community Action Agency for Chenango County, New York. OFC is committed to supporting...more

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  • M&T Bank Provides Renovation Funding to Support Community Art Organization, Rochester, New York

    Manufacturers and Traders Trust Company (M&T Bank) used a $110,000 HLB Urban Development Advance (UDA) to help complete renovations of a facility being leased to a not-for-profit organization known as Dazzle School of Visual and Performing Arts. The commercial property, located in Rochester, New York, was acquired and renovated by North East Area...more

  • Carver Federal Savings Bank Supports Renovation of Two Mixed-Use Buildings in Harlem, New York

    For over 50 years, Carver Federal Savings Bank has worked intimately with the people of Harlem to achieve their personal and financial goals. Recently, Carver used a $1,200,000 HLB Urban Development Advance (UDA) to help finance the renovation of two five-story, walk-up, mixed–use buildings. The properties consist of 20 apartments and four...more

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Creative Eligible CLP Projects

Small Business Loans Community Services:

  • handicapped-accessible vans
  • fire stations and trucks
  • grocery stores
  • retail stores
  • educational facilities
  • healthcare facilities
  • office buildings
  • daycare centers

Public/private infrastructure projects:

  • roads
  • utilities
  • sewers

Other projects:

  • mixed-use buildings
  • warehouse facilities
  • manufacturing facilities
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