Bulletins
July 22, 2024
The 2024 Small Business Recovery Grant Program
Starting July 29, 2024, the Federal Home Loan Bank of New York (FHLBNY) will offer $5 million in grant funding under the 2024 Small Business Recovery Grant (SBRG) Program. The SBRG Program provides grant funds to benefit FHLBNY members’ small businesses, including farms and non-profit customers. Through the SBRG Program, members will be able to provide grants of up to $10,000 to qualifying small businesses that have faced economic challenges due to the rate environment, inflation, supply-chain constraints, and/or rising energy costs. Funding will be limited to $50,000 per member.
Using the same simplified application process we introduced last year, members may begin to submit their completed SBRG Application and Certification Form to [email protected] at 8:30 a.m. ET on July 29, 2024.* Applications will be accepted until available funds are exhausted or until 5:00 p.m. ET on October 11, 2024, whichever occurs first. Your one-time application submission should list all eligible entities and your institution must certify that they meet the Program Guidelines. Applications are considered on a first-come, first-served basis.
Should you have any questions, please email our team at [email protected] or contact your Relationship Manager at (212) 441-6700 or the Member Services Desk at (800) 546-5101, option 1.
*Application forms received prior to 8:30 a.m. ET on July 29, 2024, will not be processed.
Latest News
07/22/2024
The 2024 Small Business Recovery Grant Program
07/15/2024
FHLBNY Announces Three New Members of Its Board of Directors
07/09/2024
Report from the President: Making an Impact
06/06/2024
Report from the President: National Homeownership Month, Local Support
05/08/2024
FHLBNY Has Made $120 Million In Affordable Housing And Community Development Support Available Through First Four Months of 2024