Federal Home Loan Bank of New York
The Federal Home Loan Bank of New York (FHLBNY), located in Jersey City, NJ, is a vital financial institution that supports its members, including banks, credit unions, and community development financial institutions, by providing access to various credit products and housing programs. With a commitment to affordable housing, FHLBNY has awarded over $1 billion in grants since the inception of its Affordable Housing Program, demonstrating its dedication to community investment and development.
FHLBNY also offers tailored education programs to help members achieve their business goals and provides innovative solutions such as the Mortgage Asset Program (MAP), which allows mortgage lenders to fund loans competitively. The organization continues to play a significant role in enhancing financial stability and promoting responsible lending practices within its district.
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