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.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.