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Equity Builder PROGRAM
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EQUITY BUILDER - APPLY

Equity Builder Program (EBP) applications will be accepted during two funding periods in 2015.

First Application and Funding Period:
Application Opens: Tuesday, January 13, 2015
Applications Due: Monday, February 23, 2015
Notice of Funds Availability: Wednesday, March 11, 2015
Enrollments Begin for the First
75 percent of the Funding Pool:
Monday, March 23, 2015

Second Application and Funding Period:
(Members that were approved in the first period do not need to re-apply.)
Application Opens: Friday, May 1, 2015
Applications Due: Friday May 29, 2015
Notice of Funds Availability: Wednesday, June 10, 2015
Enrollments Begin: Wednesday, June 24, 2015
Remaining 25 percent of the
Funding Pool is Available:
Wednesday July 15, 2015

EBP Round Announcement

EBP Notice of Changes

Chartered member institutions work through a two-step process to access EBP funding: first, members apply to participate in the upcoming round. Then, upon receiving approval to participate, members are required to attend the Bank's free online training programs prior to submitting enrollment and disbursement requests on behalf of income-eligible homebuyers. A participating member may submit enrollment requests for no more than the maximum aggregate EBP funding cap of $110,000. EBP funds are awarded to participating members in increments of up to $11,000 on a first-come, first-served, home-buyer by home-buyer basis; EBP funds are not guaranteed or reserved in advance for any participating member.

The first one-third of a member's dollar allocation must be used to fund first-time home buyers (as defined by the Bank in the AHP Implementation Plan — see Attachment D).

For more information about the EBP application process, please see the EBP Application Manual, EBP Enrollment/Disbursement Manual, EBP Technical Assistance Training (PDF), the 2015 AHP Implementation Plan, or contact your community investment manager.

 

 

 

 

 
 
AHP Implementation Plan
Products and Solutions Guide
Rates Specials
Membership