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April 5, 2018

FHLBNY’s Affordable Housing Program 2018

The Federal Home Loan Bank of New York (FHLBNY) is pleased to announce that approximately $45 million in housing grants will be available for the Affordable Housing Program (AHP) 2018 Competitive Round. The application package is now available, and applications must be received by 5:00 p.m. ET on Friday, May 25, 2018.

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.

We strongly encourage you to review the 2018 AHP Implementation Plan and tutorials, and we look forward to working with you to address the diverse affordable housing needs of your communities.