FHLB New York

[FHLB New York @FHLBNewYork]

The FHLBNY has launched our new Housing Impact Grant, awarding $10.3 million in funding to six affordable housing initiatives that will create or preserve 366 affordable homes across our District. Our Housing Impact Grant builds on the success of our current housing and community development programs to provide additional flexibility for our cooperative to partner with members and housing organizations to respond to the needs of the communities we serve.

Read more about the Housing Impact Grant here: https://t.co/QPoVrsiy39

[FHLB New York @FHLBNewYork]

The Federal Home Loan Bank of New York has awarded $70.9 million in grants through our Affordable Housing Program (“AHP”) to fund 47 affordable housing initiatives throughout New Jersey, New York, Puerto Rico, California, New Hampshire and Pennsylvania. These awards will result in the creation, rehabilitation or preservation of 2,440 units. The awards will not only help provide housing, but also drive community development: it is anticipated that nearly $850 million in housing investments will result from the development of these projects.

Read more about our AHP announcement here: https://t.co/eyZYQQG1W7

#housing #affordablehousing

[FHLB New York @FHLBNewYork]

The Federal Home Loan Bank of New York announced our operating highlights for the second quarter of 2026, reflecting strong performance over the first half of the year as members continue to look to our cooperative to meet their funding needs.

“Throughout the first half of 2026, the Federal Home Loan Bank of New York has served as a reliable source of funding for our members to support the lending activities that strengthen communities across our District and beyond,” said Randolph C. Snook, president and CEO of the FHLBNY. “As we celebrate the 94thanniversary of the FHLBank System, we remain focused on executing on our foundational liquidity mission, in support of the provision of local credit and broad financial stability.”

To learn more and read the full release, please visit: https://t.co/E1CiO4bhe3

[FHLB New York @FHLBNewYork]

We are grateful to @RepGarbarino for his recognition of the impact of the FHLBanks’ foundational liquidity mission and the stabilizing role access to our funding provides the broad financial system. We also appreciate the Committee's discussion on ways to continue to ensure the FHLBanks are positioned to meet the needs of America’s local lenders and the communities we all serve, as we have for nearly a century.

[Rep. Andrew Garbarino @RepGarbarino]

Happy to join yesterday’s @FinancialCmte hearing to discuss how Federal Home Loan Banks help provide stability to our financial system during times of economic distress.

For nearly a century, FHLBanks have served as an important source of liquidity when our financial system needs it most.

⬇���

[FHLB New York @FHLBNewYork]

We announced a $25 million investment in a New York City Housing Development Corporation bond issuance that will help create or substantially rehabilitate 1,027 units of affordable housing.  Our partnership with HDC spans 25 years and includes $1.68 billion in investment to support more than 70,000 homes, helping to ensure the long-term stability and affordability of existing public and affordable housing in New York City.  We are proud to leverage the full strength of our balance sheet to continue to partner with HDC to support the critical work they do for our fellow New Yorkers.

https://t.co/rK5Edod71d

[FHLB New York @FHLBNewYork]

The FHLBNY was thrilled to join @SenatorAndyKim and our partners at Valley Bank to tour Fairmount Crossing, a new rental development that will bring 70 affordable homes to Newark.  In 2022, we joined with Valley to award the Urban League of Essex County a $1.5 million Affordable Housing Program grant to help fund the initiative.  We are proud to partner with our members to support those who are driving housing creation across our District and beyond.

[Senator Andy Kim @SenatorAndyKim]

Last week, I met with leadership of the Valley National Bank and Urban League of Essex County, members of the Federal Home Loan Bank of New York, to tour one of their affordable housing units in Newark, NJ.

Building affordable units like these is crucial to addressing the housing crisis in our country.

That’s why we must pass the 21st Century ROAD to Housing Act that aims to boost supply of affordable housing while lowering costs on American families. I'm proud to have authored several provisions in this package that will address the housing crisis that is hurting families across New Jersey.

[FHLB New York @FHLBNewYork]

The Federal Home Loan Bank of New York has launched the 2026 round of our 0% Development Advance (ZDA) Program with $10 million in subsidized funding in the form of interest-rate credits available to members to help fund initiatives that create affordable homes, help sustain local economies, and foster job opportunities.

Members can utilize the ZDA Program to assist in originating or purchasing loans or investments that meet one of the eligibility criteria under our Business Development Advance, Energy Development Advance, Infrastructure Development Advance, Tribal Development Advance, or Housing Development Advance.

To learn how more about the benefits of the ZDA Program, please visit: https://t.co/3FtTRtsrji

[FHLB New York @FHLBNewYork]

We are proud to announce the launch of our 2026 Small Business Recovery Grant (SBRG) Program with $5 million in grant funding available!

Beginning today, members may submit applications to support eligible small businesses and nonprofits in their communities. Applications will be accepted on a first-come, first-served basis.

To learn more about the SBRG Program or view the Program Guidelines, please visit: https://t.co/NU54HLhUJU

#supportsmallbusiness

[FHLB New York @FHLBNewYork]

Breaking ground on this account with today’s groundbreaking ceremony for The Residence of St. Martin of Tours, which will create 25 affordable apartments for veterans and their families in Newark, New Jersey.  The FHLBNY partnered with our member, Provident Bank, to award Domus Corporation with a $1 million Affordable Housing Program grant to help fund construction.

Partnership was a key theme of the event, which highlighted the many hands that work together to build affordable housing.  Through the AHP, we are proud to stand alongside these stakeholders for the common purpose of creating opportunities for others.  As stated by our CEO Randy Snook, at the FHLBNY, we know that a safe, stable and affordable home is the foundation from which we grow as individuals, families and communities.