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Homebuyer Dream Program®

Homebuyer Dream Program® (HDP®)
Reservation Request

The 2022 Homebuyer Dream Program® (HDP®) Round is scheduled to open on March 21st, 2022 with a total of $11 million in available grants funds. We encourage you to attend the upcoming informational webinar(s) focused on the region(s) within the district that you will serve:

Tuesday, February 1, 2022: Upstate New York
Thursday, February 3, 2022: Metro New York
Wednesday, February 9, 2022: New Jersey
Tuesday, February 15, 2022: Puerto Rico
Wednesday, February 16, 2022: U.S. Virgin Islands

The webinars will run from 2:00 p.m. to 4:00 p.m. ET

Register For The Webinar Now

New household reservation requests must be submitted to the FHLBNY by authorized Member representatives via the FHLBNY’s Secure File Transfer Portal for households who meet eligibility requirements as established in the Homebuyer Dream Program® Guidelines.

To submit a new household reservation request, the Member must submit a fully executed Homebuyer Dream Program Request Form (in MS Excel format, containing the .xlsx file extension) selecting the New Household Reservation Request option. The Homebuyer Dream Program Request Form along with the following required documentation (in PDF format) must be submitted to the FHLBNY via the Secure File Transfer Portal as one Zip file per household:


Income documentation for all sources of income for each income earning adult in the household


Fully-executed Purchase and Sales Contract


Fully-executed Homebuyer Certification


Fully-executed Homeownership Counseling Certificate


Fully-executed Zero Income Certification form(s) for each member of the household with zero income


Fully-executed legal separation agreement or court papers filed for divorce (if applicable)

FHLBNY will review the completed household reservation requests submitted by participating members. The submission of a household reservation request does not constitute a reservation or commitment of funds.

The FHLBNY will determine whether each household has met the Homebuyer Dream Program’s eligibility requirements, prior to commitment of funds. With FHLBNY’s approval of the household reservation request and required supporting documentation, the FHLBNY will issue an email to the Member confirming commitment of the grant for a 120 day period. The FHLBNY requires the closing and the reimbursement of funds to the Member to occur by the commitment expiration date.

Detailed program requirements are outlined within the Homebuyer Dream Program® Guidelines.