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Affordable Housing PROGRAM
Equity Builder PROGRAM
Member Eligibility
Buyer Eligibility
Members Approved
Terms of Funding
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Community Development Advances
New England Fund
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The Federal Home Loan Bank of Boston's Equity Builder Program (EBP) offers members grants to provide households with incomes at or below 80 percent of the area median income with down-payment, closing-cost, home-buyer counseling, and rehabilitation assistance. Members can also use EBP grants to match eligible buyers' savings under an IDA-type program.

The EBP is funded by a percentage of the Bank's annual Affordable Housing Program subsidy.

The 2015 EBP Round has closed. In 2015, 137 members have been approved to participate.

How the EBP Works
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. See the EBP Application Manual and the EBP Enrollment/Disbursement Manual for more information. 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.

Mortgage loans originated with EBP grants may be sold by the member through the Bank's Mortgage Partnership Finance® program, provided that the mortgages and home owners continue to meet the retention requirements of the EBP.

Please review the Bank's Round Announcement and Notice of Changes for additional details. The Bank will be offering free online training sessions for all members. Please see the Events page for all EBP training dates and times.













AHP Implementation Plan
Community Lending Plan
Products and Solutions Guide
Rates Specials