The Lift Up Homeownership program offers down-payment and closing-cost assistance to people of color buying their first home.
Making Homeownership Possible
The Lift Up Homeownership program awards funding to members on a first-come, first-served basis to provide people of color with incomes up to 120% of the area median income with up to $50,000 in down-payment and closing-cost assistance toward the purchase of their first home. Members can learn more by viewing this recorded training webinar from 2023. Updated webinars about the application and enrollment/disbursement processes recorded in 2024 will be posted later this year.
Applying for Lift Up Homeownership:
Members
If you are a member and would like to learn about eligibility requirements, terms, and the application process for Lift Up Homeownership, please refer to this resource which has all the answers you need.
If you work for a housing counseling agency and would like to learn more about how borrowers you’re helping can benefit from the Lift Up Homeownership program, please review these Frequently Asked Questions.
Two Massachusetts-based banks tapped an FHLBank Boston homeownership assistance program to help people of color purchase their first homes, including two families in the Massachusetts communities of Raynham and Randolph.