FHLBNY Affordable Housing Advisory Council Open Nomination Period – For 2024 Service

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 4, 2023, to be considered. The results of the nomination process will be communicated by December 29, 2023.

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 of Directors 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 Upstate New York and the North Country. However, applications from Metro New York and New Jersey are welcome. 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 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 Neela.Hanuman@fhlbny.com

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

AHAC NOMINATION FORM

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.

No items found

Bulletins

# # #

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
This report may contain forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. These statements may use forward-looking terms, such as “projected,” “expects,” “may,” or their negatives or other variations on these terms. The Bank cautions that, by their nature, forward-looking statements involve risk or uncertainty and that actual results could differ materially from those expressed or implied in these forward-looking statements or could affect the extent to which a particular objective, projection, estimate, or prediction is realized. These forward-looking statements involve risks and uncertainties including, but not limited to, the Risk Factors set forth in our Annual Reports on Form 10-K and our Quarterly Reports on Form 10-Q filed with the SEC, as well as regulatory and accounting rule adjustments or requirements, changes in interest rates, changes in projected business volumes, changes in prepayment speeds on mortgage assets, the cost of our funding, changes in our membership profile, the withdrawal of one or more large members, competitive pressures, shifts in demand for our products, and general economic conditions. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to revise or update publicly any forward-looking statements for any reason.