Bulletins

March 31, 2025

Coming Soon: Open Nomination Period for FHLBNY’s
Affordable Housing Advisory Council – For Service Beginning in 2026

The Federal Home Loan Bank of New York (FHLBNY) will soon be accepting nominations for the FHLBNY’s Affordable Housing Advisory Council (Advisory Council). Starting on or around April 28, 2025, nominations must be made by submitting a nomination form, along with the nominee’s resume or biographical statement, to the FHLBNY via an online portal. Beginning this year, self-nominations will be accepted during the open nomination period, and the nomination period will be open for at least four weeks.

The Advisory Council’s role is to provide insights to FHLBNY’s staff and the Housing Committee of the Board of Directors on the housing needs, challenges and opportunities within the FHLBNY’s District (New Jersey, New York, Puerto Rico and the U.S. Virgin Islands) to help position the FHLBNY to continue to support housing and community development through its various products and programs. 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 its District and from a range of community organizations, both nonprofit and for-profit, that are actively involved in providing or promoting very low-, low- and moderate-income housing within the District. Selected Advisory Council members are appointed by FHLBNY’s Board of Directors to serve for a term of three years; however, Advisory Council members may be appointed to serve for terms of one or two years for the purposes of reconfiguration. The ideal candidate should have a demonstrated history of service in their respective communities; a solid understanding of national, state, Commonwealth, and/or local affordable housing and community development trends and best practices; and expertise in a pertinent field related to affordable housing and community development such as real estate development, residential or commercial lending, community development financial institutions (CDFIs), social/supportive services, and/or public policy. Employees of FHLBNY member financial institutions are not eligible to serve on the Council.

Stay tuned for further communications on submission details once the Open Nomination Period opens on or around April 28, 2025. If you have any further questions on the Advisory Council Nomination Process, contact Neela Hanuman, [email protected].