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Affordable Housing PROGRAM
Equity Builder PROGRAM
Member Eligibility
Buyer Eligibility
Members Approved
Terms of Funding
Forms & Applications
Community Development Advances
New England Fund
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The Equity Builder Program (EBP) provides members with grants to assist home buyers earning no more than 80 percent of the area median income.

Income Guidelines
The Bank has established Income Calculation Guidelines for determining a household’s income.

Where mentioned, “area median income” and “median income” refer to the area median income as defined by the U.S. Department of Housing and Urban Development (HUD) income limits. All documents can be found in the Forms and Applications section of the EBP.

Eligible Buyers
Buyers eligible to receive assistance through the EBP are individuals and households earning no more than 80 percent of the area median income, based on their future address.

To be eligible to receive assistance through the EBP, buyers must complete a home-buyer-counseling program administered by an agency designated by the EBP-approved member financial institution. The program must include pre- and post-purchase counseling.

Eligible Properties
Individuals and households can receive EBP assistance to purchase units that they will occupy as their primary residence. Eligible ownership units include single-family, one- to four-family homes, townhouses, duplexes, condominiums, cooperatives, and modular homes. Other types of housing may be considered.

Please see the EBP Application Manual and the EBP Enrollment/Disbursement Manual for more information.






AHP Implementation Plan
Products and Solutions Guide
Rates Specials