Community Development Financial Institutions

Your Mission is Our Mission

Just like CDFIs, the Federal Home Loan Bank of New York (FHLBNY) is dedicated to providing responsible, affordable lending opportunities to help develop our local communities in New Jersey, New York, Puerto Rico and the U.S. Virgin Islands. Our members benefit from this shared vision by taking advantage of our financial and educational resources meant to better serve the lending and investment strategies of your institutions.

Our Non-depository CDFI Members, Your Counterparts

 

AAFE Community Development Fund, Inc.

 

Corporation for Supportive Housing

 

The Community Development Trust, Inc.

 

Inclusiv

 

The Disability Fund, Inc.

First introduced in the Housing and Recovery Act of 2008 (HERA) and later added into a Federal Housing Finance Agency (FHFA) final rule, CDFIs who are certified by the CDFI Fund of the Treasury Department and meet all of the regulatory requirements are eligible to become members of the Federal Home Loan Bank System.

Key Benefits of Membership

Reliable, low-cost funding to help meet liquidity needs

Fixed, floating, forward-starting and amortizing advances (loans) with flexible terms to enhance your interest rate risk management

Triple-A-rated Letters of Credit to secure various obligations, such as public-sector deposits

Community Investment and Affordable Housing Products to aid your CRA efforts

High quality Correspondent Services to help meet your daily operating needs

Better operating efficiencies through 1Link®, our secure internet banking system

Key Contacts

Relationship Managers:
(212) 441-6700
[email protected]

Interactive Membership Application Package

Download all the information and required forms for membership.

DOWNLOAD

For more information about membership, visit our Membership FAQs.

Eligibility

In order to be eligible for membership, your institution must meet certain requirements.