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July 05, 2022

FHLBNY Affordable Housing Advisory Council Open Nomination Period

The Federal Home Loan Bank of New York (“FHLBNY”) is now accepting nominations for the FHLBNY’s Affordable Housing Advisory Council (“Advisory Council”). Nominations must be made by submitting a nomination form, along with the nominee’s resume or biographical statement to the FHLBNY by 5:00 p.m. ET on August 5, 2022, to be considered. The results of the nomination process will be communicated by December 30, 2022.

The Advisory Council’s role is to provide advice to FHLBNY’s staff and the Housing Committee of the Board of Directors on ways in which the FHLBNY can better carry out its housing finance and community lending mission. On at least a quarterly basis, the Advisory Council meets with members of the Board of Directors and management.

The FHLBNY seeks to have balanced representation on the Advisory Council and will draw nominees from across the district (New Jersey, New York, Puerto Rico and the U.S. Virgin Islands) and from a diverse range of community organizations, both nonprofit and for-profit, that are actively involved in providing or promoting low- and moderate-income housing within the district. Selected Advisory Council members are appointed by FHLBNY’s Board to serve for terms of up to three years and may be re-appointed for additional terms, but not to exceed three consecutive three-year terms.

We are currently seeking to fill vacancies on the Advisory Council with representatives serving New Jersey, Puerto Rico, and Western New York areas. The ideal candidate should have a demonstrated history of service in their respective communities; a solid understanding of national, state and local affordable housing and community development trends and best practices in community development; and expertise in a pertinent affordable housing -related field such as real estate development, residential or commercial lending, social/supportive services, and/or affordable housing policy. Employees of member financial institutions are not eligible to serve on the Advisory Council.

Please take the time to submit a nomination of appropriate potential candidates who are willing and committed to advising the FHLBNY in meeting its housing and community development mission. If you have any questions about the Advisory Council or the nomination process, please contact Neela Hanuman at [email protected].

Advisory Council nominations may be submitted by clicking on the following link and entering the necessary information:

We greatly appreciate your efforts to improve the quality and availability of safe, decent and affordable housing for very low-, low- and moderate-income households in New Jersey, New York, Puerto Rico and the U.S. Virgin Islands.

Thank you.