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Federal Home Loan Bank of Ny

Bank Of America Minority Home Loan Settlement - $335 Million

Bank Of America has agreed on a $335 million dollar settlement after claims that it's Countrywide Financial unit gave higher interest rate ...

Federal Home Loan Bank of NY announces round of Affordable Housing Program grant funding

SAN JUAN – The Federal Home Loan Bank of New York (FHLBNY) said it will begin accepting applications for its 2019 Round of Affordable Housing Program (AHP) grant funding on Feb. 25.

The grants are made in partnership with the FHLBNY’s member financial institutions, which number more than 32o across New Jersey, New York, Puerto Rico and the U.S. Virgin Islands.

This year marks the 50th round of AHP grants, which has supported 1,833 projects with more than $740 million in AHP grants, “helping to create or preserve more than 85,000 units of affordable housing and generating an estimated $12 billion in total development costs,” the congressionally chartered, wholesale bank said in a release.

The FHLBNY also announced that its Homebuyer Dream Program, which will provide down-payment and closing cost assistance to low- and moderate-income first-time homebuyers, is expected to launch in July.

The program will provide a maximum grant up to $15,000: up to $14,500 per household, with an additional $500 towards the defrayment of homeownership counseling costs.

Why did Bush ask/order fannie mae to make 440 BILLION in home loans to minorities in 2002?

I keep seeing the same lies being posted by republicans.
The govt can not force a bank to make a risky loan.
Republicans controlled congress 12 years from Jan 1995 to Jan 2007. They write or change the laws that banks have to follow.

Are you crazy.......He did not. That was all the Democrats doing. Check out what Maxine Waters said when Bush wanted oversight of FM&FM. Don't be so stupid. Research it.