Community - Federal Home Loan Bank of New York

Create Opportunities That Strengthen Your Communities

Support Affordable Housing with the Housing Development Advance:

The 0% Development Advance (ZDA) Program, which provides subsidized funding through interest-rate credits, was expanded last year to include the Housing Development Advance, further advancing the FHLBNY’s mission of promoting housing opportunities and strengthening the communities our members serve.

The HDA assists members in originating or purchasing loans that support the pre-development or acquisition phases of affordable housing projects. Members can apply for interest-rate credits of up to $250,000 on a first-come, first-served basis. Eligible pre-development activities include the acquisition of land or buildings, third-party fees, demolition and environmental review or abatement, feasibility studies, site surveys, or similar activities.

Learn More

The 2027 Affordable Housing Program (AHP) Implementation Plan and 2027 Targeted Community Lending Plan (TCLP) are now available. The FHLBNY is offering a series of training sessions to help members and housing partners prepare for and successfully participate in its 2027 housing grant programs. Register today.

One of the goals at the FHLBNY is to improve the housing and economic opportunities available to families and communities. We recognize the connection between the strength of a community’s economy and its residents’ ability to afford safe, decent housing. Through our housing and community lending programs, members have access to the financing tools essential for creating a more prosperous environment. By supporting the start-up and growth of local businesses, you ensure that your communities experience steady economic growth. Together, we can continue to create opportunities that strengthen our communities.

Our attractive funding programs include:

Housing Programs

Community Lending Programs (CLP)

Additional Community Impact Programs

Our Housing and Community Lending Programs are designed to address the funding needs in the district, as identified by our members and their community partners. Each year the FHLBNY publishes its Targeted Community Lending Plan to provide an overview of the developments in the district and describes how the FHLBNY is responding to emerging challenges.

View the 2026 Targeted Community Lending Plan.

View the 2026 AHP Implementation Plan.

For more information regarding these programs and how they can potentially help increase your profitability, enhance CRA performance, and improve your community visibility and public relations, please contact our Community Investment Department at (212) 441-6850.