Waldwick

FEDERAL HOME LOAN BANK OF NEW YORK AWARDS $42 MILLION FOR 42 AFFORDABLE HOUSING INITIATIVES

Retrieved on: 
Tuesday, August 22, 2023
Federal Home Loan Banks, Uncertainty, Partnership, Housing, Congressional Award, Risk, AHP, Rehabilitation, Waldwick, Projection, Organization, Congress, Investment, Nature, Bank, Airline

NEW YORK, Aug. 22, 2023 /PRNewswire/ -- José R. González, president and CEO of the Federal Home Loan Bank of New York ("FHLBNY"), announced that the FHLBNY has awarded $41.98 million in subsidies to fund 42 affordable housing initiatives throughout New Jersey, New York, Puerto Rico, the U.S. Virgin Islands, California, Connecticut, Florida, Pennsylvania and Texas. These awards are funded through the FHLBNY's Affordable Housing Program ("AHP"), and will result in the creation, rehabilitation or preservation of 2,693 units, including 1,945 units dedicated to very low-income housing. The awards will not only help provide housing, but also drive community development: it is anticipated that more than $1.29 billion in housing investments will result from the development of these initiatives.

Key Points: 
  • These awards are funded through the FHLBNY's Affordable Housing Program ("AHP"), and will result in the creation, rehabilitation or preservation of 2,693 units, including 1,945 units dedicated to very low-income housing.
  • As mandated by Congress, the FHLBNY forgoes 10 percent of its earnings each year to support these neighborhood housing and economic development initiatives.
  • The Federal Home Loan Bank of New York is a Congressionally chartered, wholesale Bank.
  • It is part of the Federal Home Loan Bank System, a national wholesale banking network of 11 regional, stockholder-owned banks.

Rite Aid Opens Two New COVID-19 On-Site Testing Locations in Tri-State Area

Retrieved on: 
Thursday, April 16, 2020
Retail, White House, Federal Government, State, Local, Other Health, Other Consumer, General Health, Women, Seniors, Infectious diseases, Convenience store, Public policy, Government, Other Retail, MEN, Family, Consumer, Health, Rite Aid, Waldwick

In addition to the current self-testing sites in Pennsylvania, Rite Aid has opened two new locations in the tri-state area, at Rite Aid stores located at 60 Franklin Turnpike in Waldwick, and 133 Route 303 in Valley Cottage.

Key Points: 
  • In addition to the current self-testing sites in Pennsylvania, Rite Aid has opened two new locations in the tri-state area, at Rite Aid stores located at 60 Franklin Turnpike in Waldwick, and 133 Route 303 in Valley Cottage.
  • In coordination with HHS, the company expects to have additional drive-up COVID-19 testing locations opening soon at Rite Aid stores in New York, New Jersey, Ohio, Michigan, and Virginia.
  • All Rite Aid drive-up COVID-19 testing locations will utilize self-swab nasal tests overseen by Rite Aid pharmacists.
  • Rite Aid also selected BioReference Laboratories to provide COVID-19 laboratory testing to all drive-up locations with the goal of flattening the curve through accessible diagnostic testing.