The Equity Builder Program (EBP) offers grants to help first-time buyers earning up to 80% of the area median income with down-payment, closing cost, and home rehabilitation assistance, and homebuyer education and counseling.
“EBP makes homeownership a reality for hundreds of New England residents each year.”
Kaitlyn Mulhern
Homeownership Set-Aside Programs Manager
Members in good standing are eligible* to receive up to the annual enrollment cap of $350,000. You’ll find more information about how EBP can be leveraged by members in this section.
EBP training webinars provide details about the program application, enrollment, loan origination, and disbursement process.
If you’re a member working with an eligible homebuyer who could benefit from EBP, be sure to review these important dates and key application steps.
Homebuyers cannot apply directly to FHLBank Boston to participate in EBP. If you are a homebuyer, please contact a member bank or credit union approved to participate in the program and refer to our Frequently Asked Questions.
Leading professionals in housing and community development guide FHLBank Boston in how to best support New England’s housing finance and community lending needs.
Bank of New Hampshire leveraged the Equity Builder Program to help more income-eligible homebuyers in their community. The bank was able to assist Melisa Gylfphe, a single woman with a disability who works part-time, purchase a one-bedroom home in New Durham, New Hampshire.