FHLBNY Made More Than $150 Million Available To Support Affordable Housing and Community Development Initiatives in 2025

New York, NY – The Federal Home Loan Bank of New York (“FHLBNY”) made a record $150.4 million in funding support available for affordable housing and community development efforts through a variety of targeted products and programs throughout 2025.  These efforts help address housing affordability, create additional housing supply, and support local small businesses.  The funding for these efforts is allocated directly from the FHLBNY’s earnings and includes the following

FHLBNY Invests $225 Million To Support Affordable Housing Supply in New York City

New York, NY – The Federal Home Loan Bank of New York (“FHLBNY”) announced a $225 million investment in a New York City Housing Development Corporation (“HDC”) bond issuance that will help create, rehabilitate or preserve 6,320 units of affordable housing across an array of HDC’s housing programs.  The FHLBNY and the HDC partnered earlier in the year on a $150 million bond purchase in June 2025 in support of more than 2,250 homes across HDC programs.  Across a partnership that spans 25 years, the FHLBNY has invested a total of $1.66 billion in HDC bonds that have supported the creation or preservation of 70,000 homes, helping to ensure the long-term stability and affordability of existing public and affordable housing throughout New York City.

Report from the President: Giving Voice to the Silent Stabilizer

Earlier this year, the Federal Home Loan Bank System was described as “the silent stabilizer of the banking system”. This description captures us well: by executing on our foundational liquidity mission, the FHLBanks do play a stabilizing role in our country’s financial markets. And while we may be the silent stabilizer, a recent study by the Urban Institute – The Value of the FHLBank System to Bank Liquidity and Stability – speaks volumes.