SBRG Success Stories
Valley Teams Up with FHLBNY’s Small Business Recovery Grant Program
We couldn’t be prouder of our community development partners who acted when our communities needed it most during the pandemic. When small businesses and community organizations had to shut their doors or limit operations, our partner, The Federal Home Loan Bank of New York (FHLBNY) stepped up to help.
The mission of the FHLBNY is to advance housing opportunity and local community development by supporting member banks in serving their markets. To further their mission and support their members, FHLBNY offered a COVID-19 Small Business Recovery Grant Program (SBRG). This program supported the financial security and health of workers employed by organizations that have suffered a decrease in revenue as a result of the ongoing COVID-19 crisis.
The SBRG Program is intended to support the financial security and health of workers employed by organizations that have suffered a decrease in revenue as a result of the ongoing COVID-19 crisis.
