Associated tags: Federal Home Loan Banks, Bank, Congressional Award, Uncertainty, Projection, Nature, Housing
Locations: PHILADELPHIA, JAMAICA, HARTFORD, CONNECTICUT, FORT LEE, TEXAS, NEW YORK, NY, US, PUERTO RICO
On March 18, the FHLBNY opened the inaugural Homebuyer Dream Program Plus (“HDP Plus”) round with $10.3 million in available grants.
Key Points:
- On March 18, the FHLBNY opened the inaugural Homebuyer Dream Program Plus (“HDP Plus”) round with $10.3 million in available grants.
- The FHLBNY made $10 million in interest rate credits available in the current ZDA Program round.
- And on April 22, the FHLBNY opened the 2024 General Fund Round of its Affordable Housing Program (“AHP”) with a total of $70.8 million in grant funds available.
- On May 7, the Council of Federal Home Loan Banks announced that the Federal Home Loan Banks expect to collectively contribute approximately $1 billion toward affordable housing and community development initiatives in 2024, firmly establishing the Federal Home Loan Bank System as one of the largest sources of private funding for affordable housing in the country.
NEW YORK, April 25, 2024 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of New York (“FHLBNY”) today released its unaudited financial highlights for the quarter ended March 31, 2024.
Key Points:
- NEW YORK, April 25, 2024 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of New York (“FHLBNY”) today released its unaudited financial highlights for the quarter ended March 31, 2024.
- “Throughout the first quarter of 2024, the Federal Home Loan Bank of New York successfully executed on our foundational liquidity mission, as reflected in our strong results for the period,” said José R. González, president and CEO of the FHLBNY.
- The FHLBNY allocated $24.5 million from its first quarter 2024 earnings for its Affordable Housing Program.
- The FHLBNY currently expects to file its Form 10-Q for the first quarter of 2024 with the U.S. Securities and Exchange Commission on or about May 9, 2024.
Retrieved on:
Monday, November 27, 2023
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Management NEW YORK, Nov. 27, 2023 /PRNewswire/ -- The Federal Home Loan Bank of New York ("FHLBNY") announced today the results of the 2023 election for four positions on the FHLBNY's Board of Directors ("Board") whose terms will each commence on January 1, 2024.
Key Points:
- NEW YORK, Nov. 27, 2023 /PRNewswire/ -- The Federal Home Loan Bank of New York ("FHLBNY") announced today the results of the 2023 election for four positions on the FHLBNY's Board of Directors ("Board") whose terms will each commence on January 1, 2024.
- Ms. Weyne will continue to serve as an Independent Director and Ms. Maloney will serve as a Public Interest Independent Director.
- The Federal Home Loan Bank of New York is a Congressionally chartered, wholesale Bank.
- It is part of the Federal Home Loan Bank System, a national wholesale banking network of 11 regional, stockholder-owned banks.
Retrieved on:
Thursday, November 16, 2023
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Security (finance) NEW YORK, Nov. 16, 2023 /PRNewswire/ -- The Federal Home Loan Bank of New York ("FHLBNY") announced today that Larry E. Thompson has been elected by its Board of Directors ("Board") to serve as Board chair for a two-year term that will commence on January 1, 2024.
Key Points:
- NEW YORK, Nov. 16, 2023 /PRNewswire/ -- The Federal Home Loan Bank of New York ("FHLBNY") announced today that Larry E. Thompson has been elected by its Board of Directors ("Board") to serve as Board chair for a two-year term that will commence on January 1, 2024.
- He is the chair-elect of the Council of Federal Home Loan Banks, which serves as the public voice of the Federal Home Loan Bank System.
- Mr. Thompson was chair of the Board of DTCC Deriv/SERV LLC and former chair of the DTCC Operating Committee.
- The Federal Home Loan Bank of New York is a Congressionally chartered, wholesale Bank.
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Drug PHILADELPHIA, Oct. 12, 2023 /PRNewswire/ -- In 1999, Mission First Housing Group ("Mission First") was awarded its first Affordable Housing Program ("AHP") grant from a Federal Home Loan Bank ("FHLBank") – receiving a $465,000 grant from FHLBank Atlanta to help build 78 affordable apartments in the Fox Chase neighborhood in Northeast Philadelphia. In the nearly 25 years since, Mission First has established additional partnerships with FHLBanks of New York, Pittsburgh and San Francisco, working with the cooperative wholesale banks' member financial institutions to successfully apply for more than $15 million in AHP grants that have been put to work creating and preserving safe, sustainable and affordable homes in Pennsylvania, New Jersey and Maryland.
Key Points:
- "Since its implementation in 1990, AHP has grown to become a large and reliable source of grant funds for affordable housing.
- Each FHLBank funds its AHP directly from earnings and housing developers across the country have access to AHP in all economic cycles.
- Mission First Housing Group develops and manages affordable, equitable, safe, sustainable homes that support residents and strengthen communities.
- It is part of the Federal Home Loan Bank System, a national wholesale banking network of 11 regional, stockholder-owned banks.
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Airline NEW YORK, Aug. 22, 2023 /PRNewswire/ -- José R. González, president and CEO of the Federal Home Loan Bank of New York ("FHLBNY"), announced that the FHLBNY has awarded $41.98 million in subsidies to fund 42 affordable housing initiatives throughout New Jersey, New York, Puerto Rico, the U.S. Virgin Islands, California, Connecticut, Florida, Pennsylvania and Texas. These awards are funded through the FHLBNY's Affordable Housing Program ("AHP"), and will result in the creation, rehabilitation or preservation of 2,693 units, including 1,945 units dedicated to very low-income housing. The awards will not only help provide housing, but also drive community development: it is anticipated that more than $1.29 billion in housing investments will result from the development of these initiatives.
Key Points:
- These awards are funded through the FHLBNY's Affordable Housing Program ("AHP"), and will result in the creation, rehabilitation or preservation of 2,693 units, including 1,945 units dedicated to very low-income housing.
- As mandated by Congress, the FHLBNY forgoes 10 percent of its earnings each year to support these neighborhood housing and economic development initiatives.
- The Federal Home Loan Bank of New York is a Congressionally chartered, wholesale Bank.
- It is part of the Federal Home Loan Bank System, a national wholesale banking network of 11 regional, stockholder-owned banks.
Retrieved on:
Thursday, November 24, 2022
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Nazca (disambiguation) NEW YORK, Nov. 23, 2022 /PRNewswire/ -- The Federal Home Loan Bank of New York ("FHLBNY") announced today the results of the 2022 election for three positions on the FHLBNY's Board of Directors ("Board") whose terms will each commence on January 1, 2023.
Key Points:
- NEW YORK, Nov. 23, 2022 /PRNewswire/ -- The Federal Home Loan Bank of New York ("FHLBNY") announced today the results of the 2022 election for three positions on the FHLBNY's Board of Directors ("Board") whose terms will each commence on January 1, 2023.
- The specific results of the election, which took place on November 17, 2022, were as follows:
Mr. David J. Nasca was re-elected by the FHLBNY's eligible New York members to serve as a Member Director representing New York.
- The Federal Home Loan Bank of New York is a Congressionally chartered, wholesale Bank.
- It is part of the Federal Home Loan Bank System, a national wholesale banking network of 11 regional, stockholder-owned banks.
Retrieved on:
Friday, November 18, 2022
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Security (finance) Mr. Thompson currently serves as the vice chair of the Board, a position he has held since January 1, 2018.
Key Points:
- Mr. Thompson currently serves as the vice chair of the Board, a position he has held since January 1, 2018.
- Mr. Thompson is the former vice chair of The Depository Trust & Clearing Corporation ("DTCC") and chair of the board of DTCC Deriv/SERV LLC.
- The Federal Home Loan Bank of New York is a Congressionally chartered, wholesale Bank.
- It is part of the Federal Home Loan Bank System, a national wholesale banking network of 11 regional, stockholder-owned banks.
Retrieved on:
Monday, December 20, 2021
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Program NEW YORK, Dec. 20, 2021 /PRNewswire/ -- Jos R. Gonzlez, president and CEO of the Federal Home Loan Bank of New York ("FHLBNY"), announced that the FHLBNY has awarded $34.3 million in subsidies to fund 46 affordable housing initiatives throughout New Jersey, New York, Arizona, California, Maryland and Pennsylvania.
Key Points:
- NEW YORK, Dec. 20, 2021 /PRNewswire/ -- Jos R. Gonzlez, president and CEO of the Federal Home Loan Bank of New York ("FHLBNY"), announced that the FHLBNY has awarded $34.3 million in subsidies to fund 46 affordable housing initiatives throughout New Jersey, New York, Arizona, California, Maryland and Pennsylvania.
- The awards will not only help provide housing, but also drive community development: it is anticipated that more than $748 million in housing investment will result from the development of these initiatives.
- The Federal Home Loan Bank of New York is a Congressionally chartered, wholesale Bank.
- It is part of the Federal Home Loan Bank System, a national wholesale banking network of 11 regional, stockholder-owned banks.
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Management The specific results of the election, which took place on November 30, 2021, were as follows:
Key Points:
- The specific results of the election, which took place on November 30, 2021, were as follows:
Mr. Thomas R. Cangemi was elected by the FHLBNY's eligible New York members to serve as a Member Director representing New York.
- Mr. Cangemi is chairman, president and CEO of New York Community Bank.
- Thompson's current term expires on December 31, 2021; he currently serves as the vice chairman of the FHLBNY's Board of Directors.
- The Federal Home Loan Bank of New York is a Congressionally chartered, wholesale Bank.
