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Housing Programs

Housing Programs

The FHLBNY is committed to providing affordable housing opportunities to families and communities through our members.

The 2026 Homebuyer Dream Program® (HDP®) Rounds Are Open

Homebuyer Dream Program^®
Homebuyer Dream Program^® Plus
Homebuyer Dream Program^® Wealth Builder

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.

Homebuyer Dream Program® (HDP®)

HDP provides funds in the form of a grant to be used towards down payment and closing cost assistance to first-time homebuyers earning at or below 80% of the Area Median Income and purchasing homes in any U.S. state or territory.

Homebuyer Dream Program® Plus (HDP® Plus)

HDP Plus provides funds in the form of a grant to be used towards down payment and closing cost assistance to first-time homebuyers earning above 80%, but not exceeding 120% to 150%, of the Area Median Income and purchasing homes in New York, New Jersey, Puerto Rico or the U.S. Virgin Islands.

Homebuyer Dream Program® Wealth Builder (HDP® Wealth Builder)

HDP Wealth Builder provides funds in the form of a grant to be used towards down payment and closing costs to first-time homebuyers who currently live in majority-minority census tracts in our district or who qualify as first-generation homebuyers.

Affordable Housing Program

Forms, Agreements & Guidelines

Homebuyer Dream Program® Suite

Homebuyer Information
Reservation Request
Funding Request
Participating Members
Forms, Agreements & Guidelines

Links of Interest

Current Advisory Council Annual Report

Current Targeted Community Lending Plan

Housing & CLP Overview

Housing & CLP Quick Reference Guide

Current FHLBank System Corporate Social Responsibility Report

Latest Success Stories

Max Epstein and Jahmila Vincent pose in front of rehabilated house with FMMM members

AHP Funds 25 units of Owner-Occupied Rehabilitation in San Juan, Puerto Rico

Member:

Banco Popular de Puerto Rico

Project Name:

Fundacion MMM Home Rehabilitation

Recipients:

Sponsor:

Fundacion MMM

House after rehabilitation

Rehabilitation in Caguas, Puerto Rico

Member:

Banco Popular de Puerto Rico

Project Name:

HFHPR Repairs Program

Recipients:

Sponsor:

Habitat for Humanity of Puerto Rico

Arrow Bank 2026

Arrow Bank Small Business Recovery Grant (SBRG) Success Story

Member:

Arrow Bank

Project Name:

Small Business Recovery Grant (SBRG) Program

Recipients:

Sponsor:

See All Success Stories

FEDERAL HOME LOAN BANK OF NEW YORK

101 PARK AVENUE • NEW YORK, NY 10178
70 HUDSON STREET • JERSEY CITY, NJ 07302

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