HDP® Success Stories

A Dream Realized: Glauko De La Piedra and FHLBNY’s Homebuyer Dream Program®

Glauko De La Piedra, a dedicated community member had long dreamed of owning a home for his family. With the support of the FHLBNY’s $20,000 HDP grant, this dream became a reality. The program, designed to assist first-time homebuyers with down payment and closing costs, provided Glauko and his family of three with the financial assistance they needed to step into homeownership.

The De La Piedra family’s journey to homeownership also brought life back to a forgotten property and community. The house they purchased in Ulster County, had sat empty for years, a shadow of its former self. With their investment, it became a vibrant home, a place where memories would be made, and roots would grow deep and flourish.

The impact of the HDP extended beyond the De La Piedra family. By bringing this once-vacant property back into use, the program contributed to the community’s revitalization efforts. The house reentered the tax rolls, providing much-needed revenue for local services and infrastructure improvements. It became a symbol of renewal and a catalyst for further development in the area.

As Glauko and his family settled into their new home, they knew they were not just homeowners but also working on a positive change in their community. The ripple effects of their investment would be felt for generations to come, inspiring others to dream big and invest in the future of their neighborhoods.

The FHLBNY’s Homebuyer Dream Program, through stories like Glauko De La Piedra’s, continues to make homeownership a reality for families while also revitalizing communities and fostering a brighter future for all.