Bulletins

June 3, 2024

FHLBNY Affordable Housing Advisory Council Open
Nomination Period – For 2025 Service

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 June 28, 2024, to be considered. The results of the nomination process will be communicated by December 30, 2024.

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 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 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 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 Upstate and Metro New York, one or all of the U.S. Virgin Islands, and non-Metro Puerto Rico (North, South, Central Mountains, East, and West Regions). 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 (CDFI’s), social/supportive services, and/or public policy. Employees of FHLBNY member financial institutions are not eligible to serve on the 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 lending mission. If you have any questions about the Advisory Council or the nomination process, please contact Neela Hanuman at Neela.Hanuman@fhlbny.com.

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

AHAC NOMINATION FORM

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.