Bulletins

Introducing the Homebuyer Dream Program!

The Homebuyer Dream Program^TM (HDP) is a a new
first-time homeowner grant program coming in mid-2019.

The evolution of this more modernized first-time homebuyer set-aside program is intended to broaden its reach across the district, deepen its impact on households buying their first home and significantly improve administrative efficiencies.

FHLBNY is committed to working with our members to facilitate a smooth transition from the First Home Clubsm to the new program. The modernized program features include:

Flexibility on the administration of your program
Increased grant amounts
Equity contribution without systematic savings
Online reservation requests

Over the next few months, the FHLBNY will conduct several training seminars across our district. The training seminars will provide a review of the program criteria, an in-depth technical training on how to successfully submit household requests through the FHLBNY’s Secure File Transfer Portal, and an opportunity to provide answers to any questions you may have.

We strongly encourage you to attend one of the upcoming training seminars to learn more about the Homebuyer Dream Program^TM.

The Federal Home Loan Bank of New York (FHLBNY) is excited to introduce the Homebuyer Dream Program^TM(HDP) to our members.

To familiarize yourself with this program, please review the HDP Program Guidelines. The HDP will be administered through an annual round, with funds committed to the member for approved households on a first-come, first-served basis. The 2019 round is intended to open for submission of reservation requests in July.

For those members interested in participating in the 2019 round, the following on-boarding forms must be completed and submitted to [email protected]:

1. Member Participation Agreement

2. Secure File Transfer Portal Enrollment Form

If the above mentioned member on-boarding forms are not received by March 31, 2019, the FHLBNY cannot guarantee setup of the users prior to opening of the 2019 round.

For the HDP, members will be required to submit new household requests through the FHLBNY’s Secure File Transfer Portal. Authorized member representatives, identified in the Secure File Transfer Portal Enrollment Form, will be assigned a user name and password by the FHLBNY and must complete a successful submission of a test file prior to the start of the 2019 Round.

Upcoming Training Seminars:

February 19: Syracuse, NY
February 20: Rochester, NY
February 21: Buffalo, NY
February 27: Catskills, NY
February 28: Albany, NY
March 5: New York City, NY
March 7: Southern, NJ
March 12: Long Island, NY
March 14: Trenton, NJ
March 26: San Juan, PR
March 28: St. Thomas, USVI

We look forward to seeing you at an upcoming training seminar and value
your ongoing commitment to advancing affordable housing in the communities you serve.

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07/05/2022	FHLBNY Affordable Housing Advisory Council Open Nomination Period
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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
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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
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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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Bulletins

Introducing the Homebuyer Dream Program!

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