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Housing Programs

The FHLBNY is committed to providing affordable housing opportunities to families and communities through our members.

Note: The FHLBNY does not offer funding directly to homeowners or organizations. For more information on AHP, visit the AHP section. First-time homebuyers interested in HDP®, should check if they are eligible or contact an approved member so they can determine eligibility and enroll you in the program.

Affordable Housing Program (AHP)

AHP provides subsidized advances and grants to our members to help households earning 80% or less of the area median income purchase or maintain their homes. It also enables organizations to purchase, rehabilitate, or construct apartment buildings in which at least 20% of the units are affordable to households earning 50% or less of the area median income.

Homebuyer Dream Program® (HDP®)

The HDP provides funds in the form of a grant to be used towards down payment and closing cost assistance to first-time homebuyers earning at or below 80% of the Area Median Income (AMI) and purchasing homes in New York, New Jersey, Puerto Rico or the U.S. Virgin Islands.

First Home Clubsm (FHC)

The FHLBNY is no longer accepting new household enrollments for the FHC program. Households currently enrolled in the FHC Program will not be impacted and can continue following their systematic savings plan. For more information regarding the FHC program, please refer to the FHC Program Guidelines.

Success Stories

Member: Banco Popular de Puerto Rico
Project Name: El Zorzal Apartments
Sponsor: Lucha Contra El Sida Inc.
Member: HSBC Bank USA
Project Name: CAMBA Gardens Phase II
Sponsor: CAMBA Housing Ventures