Additional $2.5 Million in Small Business Recovery Grant (SBRG) Program Funding

Due to the overwhelming member response to our Small Business Recovery Grant (SBRG) Program, the Federal Home Loan Bank of New York (FHLBNY) is pleased to announce that an additional $2.5 million in funding will be added on November 3, 2025. SBRG Program funding is available on a first-come, first-served basis*.

Members may submit a completed SBRG Application and Certification Form to SBRG@fhlbny.com. Your application submission should list all eligible small businesses or non-profits (not to exceed a total of $50,000) and your institution must certify that they meet the Program Guidelines.

Should you have any questions, please email our team at SBRG@fhlbny.com or contact your Relationship Manager at (212) 441-6700 or the Member Services Desk at (800) 546-5101, option 1.

*Funding will be distributed in the following order: (1) to fulfill applications currently on the waitlist from the initial offering; (2) to support members who did not fully utilize their original $50,000 allocation and wish to do so; and (3) to provide funding to all other members, including those that previously received funding, on a first-come, first-served basis.

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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.