Homebuyer Dream Program

Homebuyer Dream Program

The Homebuyer Dream Program^TM (HDP) is a first-time homeowner grant program.

Applications will be accepted

• August 3, 2020.

• The evolution of this more modernized first-time homebuyer set-aside program is intended to broaden its reach across the district, deepen its impact on households buying their first home and significantly improve administrative efficiencies.

  FHLBNY is committed to working with our members to facilitate a smooth transition from the First Home Club^sm to the new program. The modernized program features include: 

  • Flexibility on the administration of your program
  • Increased grant amounts 
  • Equity contribution without systematic savings
  • Online reservation requests