2. FHLBNY © 2015 FEDERAL HOME LOAN BANK OF NEW YORK 101 PARK AVENUE NEW YORK, NY 10178 WWW.FHLBNY.COM Overview of the Project Construction Form (AHP/APP-109)

3. FEDERAL HOME LOAN BANK OF NEW YORK Tab1 – Project Summary  Project Information – At the top of page one you must provide general information about the project  Instructions – There are instructions that provide an overview for how to complete the form  Checklist of Forms and Attachments – The checklist serves as a reminder to complete the required sections and include all required materials with your submission.

4. FEDERAL HOME LOAN BANK OF NEW YORK  Building Information –Provide information about the building(s) including Building Type, Units and Commercial Space –Complete the required information in the Floor Area Breakdown Tab 1 – Project Summary

5. FEDERAL HOME LOAN BANK OF NEW YORK  Scope of Work –Depending on whether the project involves new construction or rehabilitation, complete the appropriate section. Tab 1 – Project Summary

6. FEDERAL HOME LOAN BANK OF NEW YORK  Quality of Vertical and Site Improvements –In the Quality of Work section, you must select one of six options that best describes the overall quality of work –The user must also provide a detailed explanation to justify the Quality Selection Tab 1 – Project Summary

7. FEDERAL HOME LOAN BANK OF NEW YORK  Special Development Conditions –Depending on the type of project, there may be special development conditions that will be included in the scope of work. Provide a detailed explanation and estimated costs associated with the special development conditions in the spaces provided in this section. Tab 1 – Project Summary

8. FEDERAL HOME LOAN BANK OF NEW YORK  This section of the form provides specific information about the project costs along with an itemization of the costs to develop the site Tab 2 – Schedule of Values  The construction costs must match the costs on the Rental Project Workbook along with the cost documentation provided with the AHP application.

9. FEDERAL HOME LOAN BANK OF NEW YORK Tab 3 – Construction Budget Summary  This section summarizes the itemization of costs that were entered in tab – 2 Schedule of Values and segments those costs into specific groups

10. FEDERAL HOME LOAN BANK OF NEW YORK Tab 3 – Construction Budget Summary  Required Signature - After the entire form has been completed and verified for accuracy, the project architect or a qualified third party must print and sign the signature page then scan the signature page as a PDF and submit it to the Bank along with the application

11. FHLBNY101 PARK AVENUE NEW YORK, NY 10178 WWW.FHLBNY.COM Advancing Housing and Community Growth The information provided by the Federal Home Loan Bank of New York (FHLBNY) in this communications is set forth for informational purposes only. The information should not be construed as an opinion, recommendation or solicitation regarding the use of any financial strategy and/or the purchase or sale of any financial instrument. All customers are advised to conduct their own independent due diligence before making any financial decisions. Please note that the past performance of any FHLBNY service or product should not be viewed as a guarantee of future results. Also, the information presented here and/or the services or products provided by the FHLBNY may change at any time without notice. Questions? Please e-mail us at ahp@fhlbny.comahp@fhlbny.com