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Introducing the Homebuyer Dream Program!

The Homebuyer Dream ProgramTM (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 ProgramTM.

Register for a Training Seminar

The Federal Home Loan Bank of New York (FHLBNY) is excited to introduce the Homebuyer Dream ProgramTM(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

REGISTER FOR A TRAINING SEMINAR

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

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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

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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

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Enhancements to the Refundable MULOC Product

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FHFA Provides Guidance on PPP Loans

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

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

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1Link® Migration: Phase I – Interim Access Portal

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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

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11/28/2018

Updates to the 2019 Fee Schedules: In our continued effort to provide excellent service to our Members and maintain our focus on the core business of providing liquidity we are pleased to announce further streamlining of ancillary fees.

11/19/2018

The SOFR-Linked Adjustable Rate Credit Advance: The Federal Home Loan Bank of New York is pleased to announce the launch of the Secured Overnight Financing Rate (SOFR)-Linked Adjustable Rate Credit (ARC) Advance.

10/10/2018

Nominations for AHAC: The Federal Home Loan Bank of New York (FHLBNY) is now accepting nominations for the FHLBNY’s Affordable Housing Advisory Council.

10/09/2018

A New Housing Program: A new first-time homeowner grant program is coming in mid-2019.

07/27/2018

D&I Status Report Highlights: In 2017, the FHLBNY made significant achievements in diversity and inclusion. These achievements are captured in our 2017 Diversity & Inclusion Status Report.

05/07/2018

AHP Proposed Rule: The FHFA has issued a Proposed Rule that calls for a number of changes to the AHP. We believe that many of these proposed changes will present significant challenges to our members, housing partners and other community stakeholders, and could impact how affordable housing is funded across our region.

04/20/2018

Member Products Guide & Correspondent Services Manual Update: The FHLBNY has updated its Member Products Guide and the Correspondent Services Manual. The Guide and Manual detail the FHLBNY’s credit, collateral and correspondent services standards and can assist members in finding helpful information on the FHLBNY's Business Lines.

04/05/2018

Affordable Housing Program 2018: The Federal Home Loan Bank of New York is pleased to announce that approximately $45 million in housing grants will be available for the Affordable Housing Program 2018 Competitive Round.

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