Article: New Jersey savings institutions join together to fund affordable housing under innovative Federal Home Loan Bank of New York program.

NEW JERSEY SAVINGS INSTITUTIONS JOIN TOGETHER TO FUND AFFORDABLE

HOUSING UNDER INNOVATIVE FEDERAL HOME LOAN BANK OF NEW YORK PROGRAM

GARWOOD, N.J., Dec. 12 /PRNewswire/ -- The Federal Home Loan Bank of New York today launched a new, innovative program designed to marshal millions of dollars into affordable housing for New Jersey by combining the lending resources of savings institutions across the state.

The new program, called the Regional Lender Consortia, was announced here today by Brian Dittenhafer, president of the Federal Home Loan Bank of New York, along with Edmond V. Lawlor, Jr., president of the New Jersey Savings League, and ...

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