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Housing Programs

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

Note: The FHLBNY does not offer funding directly to homeowners or organizations. For more information on AHP, visit the AHP section. First-time homebuyers interested in HDP®, contact an approved member so they can determine eligibility.

Affordable Housing Program (AHP)

The 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®)

The 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 (AMI) and purchasing homes in New York, New Jersey, Puerto Rico or the U.S. Virgin Islands.

Success Stories

Member: Banco Popular de Puerto Rico
Project Name: El Zorzal Apartments
Sponsor: Lucha Contra El Sida Inc.
Member: HSBC Bank USA
Project Name: CAMBA Gardens Phase II
Sponsor: CAMBA Housing Ventures