Community Lending Programs

Community Lending Programs (CLP)

Members can take advantage of our Community Lending Programs to gain access to a reliable source of funding for projects that create housing, improve business districts, and strengthen neighborhoods.

The suite of CLP programs includes:

Benefits of CLP

Flexible funding structures at favorable rates and terms
Access to low-cost funds at favorable terms for the end loan recipient
Simple application process — members can apply for a project- or program-specific commitment
Responsive commitment process — the member controls the funding
Upfront transactions — no hidden penalties

Eligible Uses for CLP Funds

Eligible Lending Activity

All submitted loans must have closed within 90 days of receiving an advance from the FHLBNY.
Once approved, commitments will be issued with expiration dates 90 days from the newest loan in the pool. Borrowing capacity will be reduced as loans in the pool breach 90 days.

Member Limits*

A member’s Maximum Borrowing Capacity is the lesser of 3% of Asset size or $100 million. Members may request an exception to the maximum up to $200 million per member. Exception requests will be considered on a case-by-case basis.
A member’s Minimum Borrowing Capacity is $25 million per member.

*Note: Member Limits are inclusive of all CLP Programs except DRF.

Advance Tenors**

Advance tenors for CLP advances are restricted to one (1) to five (5) years.
All FHLBNY credit conditions apply.

**Note: Applicable to CIP, UDA and RDA Program. See the Disaster Relief Program page for DRF related limits and advance tenors.

Each year the FHLBNY publishes its Targeted Community Lending Plan, which provides an overview of the developments in the district and describes how the Bank is responding to emerging challenges. The Targeted Community Lending Plan is now available.

See if the community development project you have in mind qualifies.

Contact a Member Services Desk Representative at (212) 441-6600 or (800) 546-5101, option 1, or a Relationship Manager at (212) 441-6700.

Apply for Community Lending Programs

Members must enroll in the CLP System to submit applications for CLP funds. Members can apply directly in the System or complete and upload the CLP Application below (with the requested detail for each submitted loan) into the System.