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FHLBNY’S Affordable Housing Program 2017

The Federal Home Loan Bank of New York (“FHLBNY”) is pleased to announce that approximately $33.2 million in housing grants will be available for the upcoming Affordable Housing Program (“AHP”) 2017 Competitive Round. The application package will be available the week of April 24th and the competitive round deadline date will be in early June. The exact date of the deadline of the competitive round will be provided in the near future and posted on our website.

AHP funds are awarded to members who submit applications on behalf of project sponsors who are planning to purchase, rehabilitate, or construct affordable homes or apartments (owner-occupied or rental units). Funds are awarded through an annual competitive process, with final award announcements being made by year end. While the details of the competitive process can be found here (updated in March 2019), the following are key changes made to the AHP scoring categories for the 2017 Round:

Empowerment Activities – Activities are no longer required to be offered on-site; rather they must be project specific and offered to all of the tenants.

Preservation of Existing Units – In instances where there is a proposed decrease to the housing stock of an occupied building, there must be a clear demonstration that the rehabilitation of the project will help stabilize the physical and financial condition of the property and very-low, low-, and moderate-income tenants will not be permanently displaced.

Homeless Household – The AHP’s definition for “homeless household” has been updated to address various scenarios whereby an individual or family may be subject to an inadequate nighttime residence.

We strongly encourage you to review the 2017 AHP Implementation Plan, which can be downloaded from our website here (updated in March 2019), or email us at [email protected].

We look forward to working with you to address the diverse affordable housing needs of your communities.

04/30/2024

Update to Forward Starting Advances

03/21/2024

2024 Update to the Member Products Guide

01/25/2024

2024 Update to the Member Products Guide & Correspondent Services Manual

01/02/2024

Introducing HDP® Plus from the FHLBNY

10/30/2023

Coming Soon: The 2023 Small Business Recovery Grant Program

10/26/2023

Municipal Bonds are Now Eligible Collateral

10/17/2023

2023 FHLBNY Board Elections Are Underway

10/05/2023

Update to the Member Products Guide & Correspondent Services Manual

09/11/2023

Introducing a New URL to Access Your FHLBNY Systems

08/23/2023

Price Incentives for Advances Executed Before Noon - Starting Tuesday, September 5, 2023

07/05/2023

FHLBNY Affordable Housing Advisory Council Open Nomination Period – For 2024 Service

06/30/2023

2023 Update to the Member Products Guide

06/05/2023

Coming Soon: Expansion of Our 0% Advance Offerings

02/22/2023

Notice of FHLB Members Selected For Community Review (Effective February 23, 2023)

01/20/2023

2023 Update to the Member Products Guide & Correspondent Services Manual

11/16/2022

Prepare for the 1Link Migration in December 2022

09/28/2022

2022 Update to MPG & CSM: Member Products Guide & Correspondent Services Manual

09/23/2022

Reintroducing Putable Advances, Fixed-Rate Advances with SOFR Cap and ARC Advances with Cap/Floor

07/05/2022

FHLBNY Affordable Housing Advisory Council Open Nomination Period

06/24/2022

Amendment to the FHLBNY Capital Plan Appendix Effective August 1, 2022

04/07/2022

Wire Transfers Migration to 1Link-IPR

01/24/2022

FHLBNY Announces Enhancements to the Rebate Program for Advances

01/03/2022

2022 Update to MPG & CSM: Member Products Guide and the Correspondent Services Manual

12/03/2021

Updates to the 2022 Fee Schedules

08/24/2021

Important Announcement for Community Lending Programs Users

07/28/2021

An Enhancement to our Callable Adjustable Rate Credit Advance (Callable ARC)

07/20/2021

RSA SecurID® for 1Link-IPR Coming Soon

07/14/2021

Important Announcement Regarding the Upcoming FHLBNY Homepage Update

07/02/2021

FHLBNY CICA Disaster Relief Funding Update

04/14/2021

Enhancements to the Refundable Municipal Letter of Credit for Members Participating in the New Jersey Department of Banking and Insurance GUDPA Program

03/01/2021

Notice of FHLB Members Selected For Community Review (Effective March 1, 2021)

02/10/2021

FHLBNY Capital Stock Purchase Requirement for Letters of Credit (Effective March 1, 2021)

02/10/2021

2021 Update to MPG & CSM: Member Products Guide and the Correspondent Services Manual

12/03/2020

2020 Update to MPG & CSM: Member Products Guide and the Correspondent Services Manual

09/02/2020

Amendments to the FHLBNY Capital Plan (Effective October 2, 2020)

07/30/2020

FHLBNY CICA Disaster Relief Funding: Eligibility Expansion

05/15/2020

Update to the Member Products Guide

06/01/2020

Enhancements to the Refundable MULOC Product

04/23/2020

FHFA Provides Guidance on PPP Loans

01/03/2020

1Link® Migration: Phase I - Interim Portal Roll-out

12/31/2019

2019 Update to MPG & CSM: Member Products Guide and the Correspondent Services Manual (for Jan 2020)

12/17/2019

1Link® Migration: Phase I – Interim Access Portal

11/06/2019

Announcing the Callable Adjustable Rate Credit Advance Pilot Program

09/27/2019

FHLBank System Regulator Provides LIBOR Transition Guidance

06/04/2019

SOFR ARC: FHLBNY is pleased to announce the expansion of the SOFR-Linked ARC Advance Program

03/26/2019

Notice of Federal Home Loan Bank Members Selected For Community Review (March 26, 2019)

01/31/2019

Introducing the Homebuyer Dream Program: A New First-Time Homeowner Grant Program

01/24/2019

2019 Update to MPG & CSM: Member Products Guide and the Correspondent Services Manual

01/04/2019

Announcement of Fannie Mae and Freddie Mac Uniform Mortgage-Backed Security (UMBS)

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04/30/2024

Update to Forward Starting Advances

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05/15/2020

Update to the Member Products Guide