Homebuyer Dream Program®
Homebuyer Dream Program® (HDP®)
The member will need to submit a Homebuyer Dream Program® Request Form (in MS Excel format, containing the .xlsx file extension) selecting the Funding Request option. The Homebuyer Dream Program® Request Form along with the following documentation (in PDF format) must be submitted to the FHLBNY via the Secure File Transfer Portal as one Zip file per household:
Certification of Intent to Record
Promissory Note (applicable to Puerto Rico and US Virgin Islands only)
Declaration of Restrictive Deed Covenant (applicable to FHA financing)
The grant under the Homebuyer Dream Program is disbursed to the member’s Overnight Investment Account, upon review and approval by FHLBNY of the Homebuyer Dream Program® Request Form and all supporting documentation.