News

Last month, we announced the launch dates for the 2023 Rounds of our Affordable Housing Program (AHP) and our Homebuyer Dream Program® (HDP®) – our two flagship programs through which we partner with our members to provide grant funding in support of affordable housing and homeownership opportunities across our region. On February 21, the 2023 AHP Round will open with $38 million in grant funds for affordable rental and homeownership initiatives...

This past November, Cornerstone Community Federal Credit Union became one of the eight institutions to join the Federal Home Loan Bank of New York in 2022 – a diverse group of new members consisting of credit unions, insurance companies and CDFIs operating in communities across New Jersey, New York and Puerto Rico...

In the days before Thanksgiving, the Federal Home Loan Bank of New York made our favorite announcement of the year: the recipients of our annual Affordable Housing Program (AHP) grants. This year, we awarded $25.3 million in such grants to help fund 30 affordable housing initiatives across our region and beyond, helping to create, rehabilitate or preserve 1,732 units of housing, including 1,201 units dedicated to very low-income housing...

New York, NY – The Federal Home Loan Bank of New York (FHLBNY) announced today the results of the 2022 election for three positions on the FHLBNY’s Board of Directors (Board) whose terms will each commence on January 1, 2023. The terms of all the positions will run for four years, expiring on December 31, 2026...

New York, NY -- José R. González, president and CEO of the FHLBNY, announced that the FHLBNY has awarded $25.3 million in subsidies to fund 30 affordable housing initiatives throughout New Jersey, New York, Connecticut, Pennsylvania and Texas. These awards are funded through the FHLBNY’s Affordable Housing Program (AHP)...

New York, NY – The FHLBNY announced today that Larry E. Thompson has been re-elected by its Board of Directors to serve as the Board’s vice chairman for a two-year term commencing January 1, 2023. Mr. Thompson, who is the former vice chair of The Depository Trust & Clearing Corporation, has served on the Bank’s Board as an Independent Director since January 1, 2014...

The Federal Home Loan Bank of New York (FHLBNY) has updated its Member Products Guide (Guide) and the Correspondent Services Manual (Manual). The Guide and the Manual detail the FHLBNY’s credit, collateral and correspondent services standards and can assist you in finding helpful information on the FHLBNY's product and service matters (e.g. requirements for advance borrowings, eligible collateral types and service fee schedules)...

The Federal Home Loan Bank of New York is excited to announce that 1Link Advances transaction functionality will migrate to the 1Link-IPR system in December 2022. Following the migration, the 1Link-IPR system will be the only 1Link system available and supported...

The Federal Home Loan Bank of New York (“FHLBNY”) has updated its Member Products Guide (“Guide”) and the Correspondent Services Manual (“Manual”). The Guide and the Manual detail the FHLBNY’s credit, collateral and correspondent services standards and can assist you in finding helpful information...