Homebuyer Dream Program®
Homebuyer Dream Program® (HDP) Overview
We provide homeownership assistance for up to $10,000. The maximum grant amount that a household may receive is up to $9,500, as determined by the FHLBNY member. Additionally, the Homebuyer Dream Program® also offers up to $500 towards the defrayment of homeownership counseling costs which will be provided for the use of the household via the member to the non-profit housing agency. The amount of the defrayment will be added to the grant.
The HDP is administered as an annual round through participating FHLBNY members.
By offering the HDP in your institution, some of the advantages and benefits include:
Creating homeownership opportunities in members’ communities
Increasing your residential lending opportunities
Enhancing public relations
Improving CRA credit