Now Available: 2027 AHP Implementation Plan, Targeted Community Lending Plan and Upcoming Training

The Federal Home Loan Bank of New York (FHLBNY) is pleased to announce the publication of its 2027 Targeted Community Lending Plan (TCLP), now presented in a more concise, user-friendly format, and its 2027 Affordable Housing Program (AHP) Implementation Plan. In preparation for the 2027 rounds, FHLBNY will also offer a series of training sessions designed to help members and housing partners successfully participate in its housing grant programs.

2027 Targeted Community Lending Plan

Developed with input from members, the Affordable Housing Advisory Council, and other industry stakeholders, the TCLP supports FHLBNY's mission of advancing housing and community development through reliable liquidity and strategic investment. The plan outlines innovative approaches to address persistent housing and credit challenges while expanding opportunities for affordable housing, community development, and economic growth. View the plan.

2027 AHP Implementation Plan

The 2027 AHP Implementation Plan is now available and provides an overview of the scoring criteria, program requirements, and key policies that will guide FHLBNY's affordable housing grant programs. View the plan.

Key enhancements to the AHP General Fund include:

Extension of the appraisal eligibility period for donated properties
New scoring incentives for senior housing and adaptive re-use projects
Enhanced resilience incentives for projects in Puerto Rico and the U.S. Virgin Islands
Increased points under the AHP Subsidy Per Unit scoring category
Expanded tie-breaker methodology
Updated reporting, monitoring, and eligibility requirements

Key changes for the Homebuyer Dream Program® (HDP®) include:

Allocation of up to 30% of FHLBNY’s annual regulatory AHP contribution to HDP
Removal of the maximum loan-to-value (LTV) requirement

Upcoming FHLBNY Training Sessions

FHLBNY will offer a series of live virtual and in-person training sessions across New York, New Jersey, Puerto Rico, and the U.S. Virgin Islands, focused on the AHP General Fund and the HDP Suite, including HDP, HDP Plus, and the HDP Wealth Builder. These sessions will provide guidance on program requirements, eligibility criteria, application procedures, and key program updates. To complement these program-specific sessions, a recorded overview of FHLBNY’s Housing and Community Lending Programs will be available beginning October 5, 2027.

View the Training Schedule and Register Today

2027 Housing Program Round Key Dates

Mark your calendars. FHLBNY’s full suite of housing grant programs will open on Monday, February 8, 2027, at 8:30 a.m. ET. We encourage you to visit our website to review program details and learn how these funding opportunities can advance affordable housing and community development initiatives throughout the FHLBNY district.

Thank you for your continued partnership and commitment to expanding affordable housing and community development opportunities.

If you have any questions, please contact the AHP or HDP teams at AHP@fhlbny.com or HDP@fhlbny.com.

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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.