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.