Equity Builder Program (EBP) applications are accepted during one funding round each year.

All applications must be submitted online through this Web page or FHLB Direct, the Bank's online account-information and transaction service.

The funding round for 2008 has closed. Information for the 2009 EBP will be available in January.

EBP Notice of Changes

EBP funds are available through an enrollment pool. Chartered member institutions may apply for enrollment authority up to an aggregate amount of $200,000. The maximum amount of $200,000 is not guaranteed to a member. Funds will remain available until they are fully reserved, approved, and disbursed. Members will make enrollment requests of up to $15,000 per household to assist income-eligible households on a first-come, first-served basis.

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 EBP Manual).

For more information about the EBP application process, please see the EBP Program Guide and Instructions Manual, the EBP Technical Assistance Training (PDF), or contact your community investment manager.