FHLBNY launches MAP HomeAssist Program with $3M in grants for LMI homebuyers

Federal Home Loan Bank of New York introduced a new mortgage assistance program providing $3 million in initial grants to help low- to moderate-income homebuyers with down payments and closing costs. The initiative reflects FHLBNY's expanded commitment to expanding homeownership access, with $31.7 million in total grants available this year across its homebuyer assistance programs.