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July 05, 2022

FHLBNY Affordable Housing Advisory Council Open Nomination Period

The Federal Home Loan Bank of New York (“FHLBNY”) is now accepting nominations for the FHLBNY’s Affordable Housing Advisory Council (“Advisory Council”). Nominations must be made by submitting a nomination form, along with the nominee’s resume or biographical statement to the FHLBNY by 5:00 p.m. ET on August 5, 2022, to be considered. The results of the nomination process will be communicated by December 30, 2022.

The Advisory Council’s role is to provide advice to FHLBNY’s staff and the Housing Committee of the Board of Directors on ways in which the FHLBNY can better carry out its housing finance and community lending mission. On at least a quarterly basis, the Advisory Council meets with members of the Board of Directors and management.

The FHLBNY seeks to have balanced representation on the Advisory Council and will draw nominees from across the district (New Jersey, New York, Puerto Rico and the U.S. Virgin Islands) and from a diverse range of community organizations, both nonprofit and for-profit, that are actively involved in providing or promoting low- and moderate-income housing within the district. Selected Advisory Council members are appointed by FHLBNY’s Board to serve for terms of up to three years and may be re-appointed for additional terms, but not to exceed three consecutive three-year terms.

We are currently seeking to fill vacancies on the Advisory Council with representatives serving New Jersey, Puerto Rico, and Western New York areas. The ideal candidate should have a demonstrated history of service in their respective communities; a solid understanding of national, state and local affordable housing and community development trends and best practices in community development; and expertise in a pertinent affordable housing -related field such as real estate development, residential or commercial lending, social/supportive services, and/or affordable housing policy. Employees of member financial institutions are not eligible to serve on the Advisory Council.

Please take the time to submit a nomination of appropriate potential candidates who are willing and committed to advising the FHLBNY in meeting its housing and community development mission. If you have any questions about the Advisory Council or the nomination process, please contact Neela Hanuman at [email protected].

Advisory Council nominations may be submitted by clicking on the following link and entering the necessary information:

SUBMIT YOUR NOMINATION

We greatly appreciate your efforts to improve the quality and availability of safe, decent and affordable housing for very low-, low- and moderate-income households in New Jersey, New York, Puerto Rico and the U.S. Virgin Islands.

Thank you.

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Updates to the 2022 Fee Schedules

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

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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

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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)

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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