skip to main content
FDIC

FDIC-Insured-Backed by the full faith and credit of the U.S. Government

FDIC

FDIC-Insured-Backed by the full faith and credit of the U.S. Government

Select Language

Routing Number: 221271935

Routing Number: 221271935

Columbia Bank is proud to announce a historic milestone in its commitment to affordable housing: ten projects sponsored by the Bank have been awarded funding through the Federal Home Loan Bank of New York’s (FHLBNY) August 2025 Affordable Housing Program (AHP). The subsidy awarded to submitted projects totals $6,730,500, supporting the development and rehabilitation of 190 housing units across New Jersey.

This funding effort highlights the Bank’s strategic focus on housing stability, veteran support, senior living, and critical home repairs, all essential components of our communities. New Jersey affordable housing projects sponsored by Columbia Bank include:

  1. Owner-Occupied Home Repairs by HOC: Heart of Camden Inc. (Camden)
  2. Cranford Supportive Housing: Avidd Community Services of NJ, Inc. (Cranford)
  3. Owner-Occupied Rehab in Paterson, NJ: Rebuilding Together North Jersey (Oakland)
  4. Paterson Habitat for Humanity Critical Repair Program: Habitat for Humanity of Paterson, Inc. (Paterson)
  5. Carton Street Senior Housing: Bergen County’s United Way/Madeline Housing Partners, LLC (Rumson)
  6. West River Affordable Family Housing: Bergen County’s United Way/Madeline Housing Partners, LLC (Rumson)
  7. Stratford Affordable Homes: Greater Newark Housing Partnership, Inc. (Stratford)
  8. Housing Plus Aging in Place: Northern Ocean Habitat for Humanity (Toms River)
  9. American Legion Veterans Housing: Westfield NJ Veterans Organization (Westfield)
  10. Resolution Owner-Occupied Homeowner Repair Program: Financial Wellness Institute Inc. (Westville)

“We are grateful to the agencies and nonprofits whose grants and programs make affordable housing possible, and proud of the role banks play in bridging those resources with community needs,” said Thomas J. Kemly, President and CEO of Columbia Bank. “Through the projects we’ve sponsored, 190 safe and affordable homes will soon be available for New Jersey residents, showcasing the power of strong partnerships to address our state’s housing shortage.”

This bold commitment comes on the heels of FHLBNY’s record-breaking August 25, 2025, award round, in which $86.3 million was distributed across 75 affordable housing initiatives. The subsidies will support nearly 5,000 new or preserved units, including 3,628 units for very low-income households, 4,637 rental units, and 339 homeownership opportunities throughout the country. The funding that the FHLBNY awards through programs like the AHP is taken directly from the earnings it generates from executing on its foundational liquidity mission.

“The success of the FHLBNY’s Affordable Housing Program is driven by our members, the local lenders that know the needs of the communities they serve and partner with us to bring funding to help meet these needs,” said Randolph C. Snook, president and CEO of the Federal Home Loan Bank of New York. “We congratulate Columbia Bank for this milestone achievement, and we are proud to stand alongside Columbia Bank and our housing partners on these 10 grants that will support the critical work of creating safe and affordable housing.”

Back to all News
Close
Columbia Bank Logo (3)

You will be linking to another website not owned or operated by Columbia Bank. Columbia Bank is not responsible for the availability or content of this website and does not represent either the linked website or you, should you enter into a transaction. The inclusion of any hyperlink does not imply any endorsement, investigation, verification or monitoring by Columbia Bank of any information in any hyperlinked site. We encourage you to review their privacy and security policies which may differ from Columbia Bank.

If you “Proceed”, the link will open in a new window.

Go Back Proceed
Close

CLOSE
Close

Automatic Translation Disclaimer

To help visitors understand information on this website in a variety of languages, Columbia Bank offers GoogleTM Translate, an unaffiliated third party service, which automates translation of the website. The GoogleTM Translate automated translation tool is not perfect and should not be relied upon. Automated translation may miss context, the full meaning may be lost, or words, phrases or sentences may be inaccurately translated. In addition, to the extent GoogleTM Translate caches and presents older versions of the Columbia Bank website content, that is beyond the control of the Columbia Bank site and its operators who accept no responsibility or liability for the outdated translation.

As a result, Columbia Bank does not make any promises, assurances, or guarantees as to the accuracy of the translations provided or the accuracy of the converted text. Columbia Bank and its affiliates disclaim and will not accept any liability for damages or losses of any kind caused by or arising out of the use of or reliance on the Google Translate feature. Where there is any question, the English version is always the authoritative version of the website.

Some items on the site may not be translated such as images containing text, documents, maps, and web page elements. In addition, some features on the site may not work in the translated versions. If you have any questions about information that appears on our site, please contact us.

Please be advised that deposit and loan disclosures and contractual documents will only be provided in English.

CLOSE Translate disclosure