The program offers homeowner education, special mortgage benefits and down payment assistance for eligible U.S. employees with qualifying compensation of $100,000 or less annually.
New York, April 8, 2026 – BNY (NYSE: BK), a global financial services company, today announced the launch of a new homeowner program for U.S.-based employees to help them navigate the journey to homeownership and address affordability pressures. The program combines education, access to mortgage benefits and BNY-funded down payment assistance.
Eligible U.S. employees with qualifying compensation of $100,000 or less annually may qualify for $6,500 in down payment assistance* to be used toward the purchase of their first home. All U.S. employees will have access to on-demand digital education and live seminars, as well as additional special mortgage benefits.
“Homeownership is a pathway to financial security and economic prosperity, and we’re committed to helping our people reach it,” said Robin Vince, CEO of BNY. “By offering benefits that strengthen financial wellness and family stability, we are investing in our employees and the communities we serve — helping build a more resilient economy.”
Program Details:
- Down payment assistance: $6,500 in down payment assistance, funded by BNY, for eligible U.S. employees with qualifying compensation of $100,000 or less annually, to put toward the purchase of a first home.
- Education: Homeowner education available through a third party with digital modules and live seminars, covering budgeting, credit readiness, mortgage options, closing costs and long-term homeownership planning.
- Mortgage benefits: Access to mortgage origination and special benefits enabled by BNY and provided by a third party.
BNY’s Broader Commitment to Support Employees’ Financial Well-being
BNY has made a strong commitment to making all employees feel a part of BNY’s growth journey, with stock ownership factored into compensation across pay grades. The new homeowner program complements this commitment and BNY’s broader suite of holistic, leading benefits that aim to enhance financial well-being for employees across every life stage, including:
- Child savings program: BNY announced its participation in the U.S. government’s initiative for children and will match the government’s $1,000 contribution for eligible employees’ newborns.
- Affordable healthcare: U.S. employees with eligible compensation of $75,000 or less annually can take advantage of a $0 premium contribution for our standard healthcare plan option.
- 401(k) flexibility: BNY matches qualifying student loan payments into employees’ 401(k) accounts, as well as offers options for bonus deferrals into a 401(k).
- 401(k) contribution: Employees with eligible compensation of $100,000 or less annually receive a $1,000 basic contribution into their 401(k), without a required employee contribution.
BNY has also helped support affordable housing development in the U.S. through $2.98 billion in loans, investments and mortgage-backed security purchases since 2023.
About BNY
BNY is a global financial services platforms company at the heart of the world’s capital markets. For more than 240 years BNY has partnered alongside clients, using its expertise and platforms to help them operate more efficiently and accelerate growth. Today BNY serves over 90% of Fortune 100 companies and nearly all the top 100 banks globally, overseeing $59.3 trillion in assets under custody and/or administration and $2.2 trillion in assets under management as of December 31, 2025.
BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Headquartered in New York City, BNY has been named among Fortune’s World’s Most Admired Companies and Fast Company’s Best Workplaces for Innovators. Additional information is available on bny.com. Follow BNY on LinkedIn or visit the BNY Newsroom for the latest company news.
Media Contact
Anneliese Diedrichs
+1 646 468 6026
Anneliese.diedrichs@bny.com
*Eligibility and enrollment: U.S.-based BNY employees with qualifying compensation of $100,000 or less annually may be eligible for the gross $6,500 down payment assistance, which is subject to individual applicable taxes; all U.S. employees can access education and special mortgage benefits.
Down payment assistance availability, program terms and eligibility criteria apply. Employees should review any potential tax implications and consult personal advisors, as appropriate.