NEW YORK, Nov. 18, 2010 /PRNewswire-USNewswire/ -- The Federal Home Loan Bank of New York ("FHLBNY") is pleased to announce the final 2010 election results for six positions on the FHLBNY's Board of Directors whose terms will each commence on January 1, 2011. Ms. Anne Evans Estabrook and Mr. Richard S. Mroz were re-elected by the FHLBNY's eligible members on November 4, 2010 to serve as Independent Directors. Ms. Estabrook was also re-elected to fill a Public Interest Directorship, a subset of the Board's Independent Directorships.
NEW YORK, Nov. 18, 2010 /PRNewswire-USNewswire/ -- The Federal Home Loan Bank of New York ("FHLBNY") announced today that John R. Buran, president and chief executive officer of Flushing Financial Corporation, was elected by the Board of Directors to serve as a Member Director representing the interests of the FHLBNY's New York membership beginning December 1, 2010. Mr. Buran will be filling the remaining portion of the term of office of the late John M. Scarchilli, the former president and chief executive officer of Pioneer Savings Bank. Earlier this month, Mr. Buran was elected by the FHLBNY's New York membership to serve as Member Director for a term on the Board beginning January 1, 2011 and running through December 31, 2011.
To: STATE EDITORS Contact: Brian Finnegan of Federal Home Loan Bank of New York, +1- 212-441-6877
To: STATE EDITORS Contact: Eric Amig, +1-212-441-6807, or Brian Finnegan, +1-212- 441-6877, both of the Federal Home Loan Bank of New York
-Combined projects will create or rehabilitate more than 2,900 affordable housing units throughout New Jersey, New York, Connecticut, Delaware, Maryland and Pennsylvania- NEW YORK, July 13 /PRNewswire-USNewswire/ -- Alfred A. DelliBovi, President and CEO of the Federal Home Loan Bank of New York, recently announced that the Bank has awarded $29.7 million in subsidies to fund 54 affordable housing initiatives throughout New Jersey, New York, Connecticut, Delaware, Maryland and Pennsylvania. These awards, which are funded through the Bank's Affordable Housing Program ("AHP"), will result in the creation or rehabilitation of 2,917 affordable housing units and drive community development. It is anticipated that more than $525 million in development costs will be generated from these initiat...
NEW YORK, April 9 /PRNewswire-USNewswire/ -- The Federal Home Loan Bank of New York ("FHLBNY") announced today that, in response to the damage done to many local communities due to recent severe weather, the FHLBNY has committed to provide up to $250 million in disaster relief loans to begin the process of rebuilding communities designated by FEMA as disaster areas. The funds are being made available by the FHLBNY through its Community Lending Programs ("CLP") to be used as immediate gap financing while insurance settlements are being worked out. In any disaster, the speed of the response is critical," said Alfred A. DelliBovi, President and CEO of the FHLBNY. "The funds we are making available today will allow our members to make an immediate, positive impact on recovery efforts, whil...
-Hinchey honors FHLBNY for its Affordable Housing Program- NEW YORK, July 15 /PRNewswire-USNewswire/ -- Since 1990, the Federal Home Loan Bank of New York has provided more than $220 million in grants to more than 750 affordable housing initiatives across New York State through its Affordable Housing Program ("AHP"). These projects have helped create, rehabilitate or preserve more than 30,000 affordable homes for low-income families, seniors and the workforce across the Empire State, and have generated more than $3.5 billion in total development costs for local economies. On July 8, at the dedication ceremony of The Birches at Chambers, a state-of-the art, affordable senior living community in Ulster, New York, which was partially funded by the AHP, Federal Home Loan Bank of New York Pr...
To: STATE EDITORS Contact: Eric Amig, +1-212-441-6807, or Brian Finnegan, +1-212- 441-6877, both of Federal Home Loan Bank of New York
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