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FHLB New York launches 2025 Zero-Percent Development Advance Program with $7M+ in credits
Federal Home Loan Bank of New York
- Launched 2025 Zero-Percent Development Advance with over $7M in interest-rate credits allocated; per-member cap of $250,000.
- Program expanded to include new Housing Development Advance supporting pre-development and acquisition phases of affordable housing.
- Report notes record grant dollars for Affordable Housing Program and Homebuyer Dream Program in 2025.
- CEO highlights FHLBNY's role as 'silent stabilizer' providing reliable liquidity to local lenders nationwide.
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