The Federal Home Loan Bank of Boston offers its members four options for funding affordable housing and economic development.

The Affordable Housing Program
The Affordable Housing Program (AHP) offers grants and subsidized advances for affordable housing in two competitive rounds each year.

The Community Development Advance
The Community Development advance is a reduced-rate advance for funding eligible affordable-housing, economic-development, and mixed-use initiatives.

The New England Fund
The New England Fund (NEF) provides advances to support housing and community-development initiatives that serve moderate-income households and neighborhoods.

The Equity Builder Program
The Equity Builder Program offers members grants to provide income-eligible buyers with down-payment, closing-cost, and rehabilitation assistance, as well as matched-savings programs.

Program Income Limits
Wherever mentioned in the program information, area median income means the area median income as defined by the U.S. Department of Housing and Urban Development (HUD). Consult HUD's Web site for the latest median income guidelines.