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Through its Grants for New England
Partnerships (GNP) program, the Federal Home Loan Bank
of Boston awards grants to eligible member institutions
for distribution to the nonprofit organizations of their
choice. In many cases, the nominating member matches
the Bank's grant.
For more information, contact Paulette Vass, Community Development advance manager, at 617-292-9792
or
paulette.vass@fhlbboston.com.
The 2009 Program
In 2009, the Bank awarded GNP grants based on either of the following eligibility parameters:
1. $1,000 GNP
Awarded to a nonprofit organization nominated by any member who submits and disburses a Community Development advance (CDA) application for the first time in 2009 (i.e. did not apply for a CDA in 2008); or
2. $2,000 GNP
The Bank would also like to support members who are engaged in creating lending opportunities that will help to keep homeowners in their homes and thereby assist in mitigating credit losses, preserving customer relationships, maintaining stable neighborhoods, and minimizing the detrimental effects vacant properties can have on crime and property values.
As such, members who submit and disburse a CDA application in 2009 that meets one of the following criteria will be eligible to nominate a nonprofit organization to receive a $2,000 GNP award:
- A refinancing or other lending program assisting home buyers facing foreclosure,
- A lending program targeting foreclosed properties,
- A specific project targeting a foreclosed property, or
- A program or specific project targeting Neighborhood Stabilization Program-designated areas, recognizing the increasing inventory of foreclosed properties and targeting those units to put them back in the housing stock.
In 2009, our member banks sponsored the following nonprofit organizations:
Allston Brighton Community Development Corporation
Androscoggin Habitat for Humanity
Brockton Interfaith Community
Dorchester House Multi-Service Center
Franklin County Community Development Corporation
Greater Holyoke YMCA
Haverhill Salvation Army
Jobs for Maine Graduates
Katie Brown Educational Program
Lorraine's Soup Kitchen & Pantry, Inc.
Mobius, Inc.
Our Neighbor's Table
Pawcatuck Neighborhood Center
Realty Endeavors for Affordable Community Housing (REACH)
Salvation Army Senior Center at Lower Village
TEAM, Inc.
Turning Points Network
United Way of Kennebec Valley (Heat Helpers' Fund)
United Way of Northwest Connecticut (on behalf of Northwestern CT YMCA only)
Westerly Area Rest Meals (W.A.R.M.)
York County Shelter Programs, Inc.
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