Our Mission
To provide members with prompt, on-demand liquidity in support of housing, local community development and financial stability.
Our Values
Member-Focused
Collaborative
Diverse & Inclusive
Accountable
Results-Oriented
The Federal Home Loan Bank of New York (FHLBNY) is updating the tenor maximum for CLP advances. Previously, the CLP advance tenors were restricted to one (1) to five (5) years. Effective September 2, 2025, CLP advances will now have a maximum tenor of ten (10) years. There is no change to the CLP tenor minimum.
New York, NY – Randolph C. Snook, president and CEO of the Federal Home Loan Bank of New York (“FHLBNY”), announced that the FHLBNY has awarded a record $86.3 million in subsidies to fund a record 75 affordable housing initiatives throughout New Jersey, New York, Puerto Rico, California, Delaware, Maine, Pennsylvania and Texas. These awards are funded through the FHLBNY’s Affordable Housing Program (“AHP”), and will result in the creation, rehabilitation or preservation of a record 4,976 units, including 3,628 units dedicated to very low-income housing, 4,637 units of rental housing and 339 homeownership opportunities. The awards will not only help provide housing, but also drive community development: it is anticipated that nearly $2.2 billion in housing investments will result from the development of these initiatives.
I am pleased to announce that, on August 21, 2025, our Board of Directors approved a dividend for the second quarter of 2025 of 7.60% (annualized). The dividend proceeds will be distributed to FHLBNY member financial institutions on August 22, 2025.
The FHLBNY Office will be closed on September 1, 2025 for Labor Day.
Homebuyers must work directly with members to access these programs.
Discover how the Federal Home Loan Bank System is advancing its mission to provide reliable liquidity and support housing affordability across the nation – with a record $1.2 billion committed to housing and economic development in 2024.
The past week’s “second-tier” data shed little new light on the path of Fed policy, and markets moved modestly as a result. Housing-related data generally continued to portray a sector bedeviled by affordability, costs, labor, and supply issues. Housing starts and existing home sales both rebounded a touch, but building permits, a more forward-looking barometer, continued to decline. The July FOMC Minutes, meanwhile, revealed that most members considered inflation to currently be the most pressing concern of the Fed’s dual inflation/employment mandate. The Minutes also noted that it was “important to ensure that longer-term inflation expectations remained well-anchored”. Note, however, that the last FOMC meeting concluded just two days prior to the August 1st weaker-than-expected jobs report.
Kristina Hooper discusses her outlook for the economy and markets for the remainder of 2023 and beyond. From recent challenges in the banking industry to inflation to earnings, 2023 has already faced a variety of uncertainties…
Inflation has cooled substantially in most major economies, with no significant downturn in global growth. And it appears that the long-anticipated “soft landing” has arrived, so what happens next? Back by popular demand, Kristina Hooper, Chief Global Market Strategist at Invesco, discusses her 2025 Investment Outlook.
With a focus on diversity and inclusion, the FHLBNY views career development not as an expense but rather an investment. Explore our wide range of opportunities available to you.
Our credit products provide member financial institutions a reliable source of liquidity so they in turn can help meet the housing finance and credit needs of their communities.
As part of our mission, the FHLBNY is committed to providing affordable housing opportunities to families and communities through our member financial institutions.
