Housing Programs

The HLB is committed to providing affordable housing opportunities to families and communities. Our Affordable Housing Program along with our First Home Clubsm, provide community-based organizations and families with much needed funds to build housing units.

Affordable Housing Program (AHP)
AHP provides subsidized advances and grants to our members to help households earning 80% or less of the area median income purchase or maintain their homes. It also enables organizations to purchase, rehabilitate, or construct apartment buildings in which at least 20% of the units are affordable to households earning 50% or less of the area median income.

First Home Clubsm  (FHC)
The FHC is a first-time homebuyers program that provides grants of up to $7,500 to help households earning 80% or less of the area median income overcome the financial difficulties of purchasing a home.

Note: The FHLBNY does not offer funding directly to homeowners or organizations. First-Time Homebuyers interested in FHC, should check if they are eligible or contact an approved member so they can determine eligibility and enroll you in the program.

Quick Links

Housing and Community Lending Quick Reference Guide

2017 AHAC Annual Report

2018 Community Lending Plan

Program Deadlines

FHC offers monthly enrollment periods due the 10th of each month or the following applicable business day.

Success Stories

View AHP Success Stories

View FHC Success Stories