In Brief: $6M for Affordable Housing in N.Y., N.J.

The Federal Home Loan Bank of New York is providing $5.79 million to fund 22 low-cost-housing initiatives in New York and New Jersey.

The bank's affordable-housing program gives member institutions access to below-market-rate loans and direct subsidies, which are passed on to customers through a nonprofit group. For more information, call 212-441- 6678.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER