| Program
Name: First Home Club Program |
| Purpose:
To
provide low income renters with housing counseling and savings incentive
assistance. The first home club is a special set-aside of Affordable
Housing Program funds. |
| Eligible
Applicants: FHLB member banks and member credit unions. Non profit
CDC's partner with member financial institutions to operate a first home
club program. |
| Eligible
Activites: Non profit administers housing counseling training services.
FHLB matches savings of up to 25 participant households in each program
on a 3 to 1 basis, up to $5,000. |
Form
of Assistance:
Matching
Grants |
Funding
Cycles: Twice yearly, through AHP application |
Deadline
Date: April |
Funding
Organization:
Federal
Home Loan Bank of New York |
Contact
Information:
Donald
Wolff, Sr. Vice President
7
World Trade Center
New
York, NY 10048 |
Phone
Number:
(212)
441-6821 |
Fax:
(212)
441-6859 |
How
To Apply:
Through
member bank |
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