The Federal Home Loan Bank of New York (FHLBNY) is updating the tenor maximum for CLP advances. Previously, the CLP advance tenors were restricted to one (1) to five (5) years. Effective September 2, 2025, CLP advances will now have a maximum tenor of ten (10) years. There is no change to the CLP tenor minimum.
This expanded tenor provides members with greater flexibility to access low-cost, longer-term funding for projects that create housing, revitalize business districts, and strengthen neighborhoods.
We value your partnership and remain committed to further strengthening our cooperative. If you have any questions, please contact your Relationship Manager at (212) 441-6700.