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.

2012 GNP Eligibility Criteria

1. $1,000 GNP
a) New User:

• Any member that receives funding under the CDA Extra or CDA program for the first time in 2012. For purposes of this eligibility component the term “first time user” is defined as any member with no approvals or funding in 2010 or 2011.

b) Economic Development Initiatives:

• Any member that receives funding under CDA Extra for economic development initiatives benefitting families or located in census tracts with incomes at or below 80 percent of the area median income or

• Any member that receives funding under CDA for small business or an economic development initiative located in a census tract or serving households with incomes at or below 100 percent of the area median income in an urban area, or 115 percent of the area median income in a rural community.

2. $2,000 GNP
a ) Foreclosure Prevention:

• Any member that receives funding under CDA Extra for a mortgage origination or refinancing product designed to assist home buyers facing foreclosure, or creates lending opportunities that will help homeowners keep their current homes.

b) Disaster Recovery:

• Any member that receives funding under CDA for economic development initiatives designed to foster efforts to assist areas recovering from disasters.

*As qualifying CDA and CDA Extra applications are funded, members will be notified of their eligibility to participate in the GNP program.

2011 GNP Program Results
During 2011, the Federal Home Loan Bank of Boston awarded a total of $25,000 in grants to 26 nonprofit organizations on behalf of 25 members that submitted either a CDA Extra or CDA application. Eligible applications included those supporting a mortgage-financing product serving income-eligible households; economic-development initiatives located in income-eligible neighborhoods or serving income-eligible households; or small businesses in income-eligible communities.

In 2011, our members sponsored the following nonprofit organizations.

Habitat for Humanity/7 Rivers Maine

United Voice Community Land Trust

NeighborWorks Greater Manchester

Belmont Education Foundation

Caritas Communities, Incorporated

Home Health & Children Services, Inc.

Community Housing of Maine, Inc.

The Community Fund of Darien

Smithfield Department of Welfare

Pioneer Valley Habitat for Humanity

Rebuilding Together Springfield

Central Maine Growth Council

Housing Corporation of Arlington Construct, Inc.

Attleboro YMCA

Church Community Housing Corporation

Edgar J. Paradis Cancer Fund

ReBuild Waterbury

The Family Resource Center

Ginny's Helping Hand, Inc.

Wardwell Home for the Aging

Somerset Economic Development Corporation

Warm The Children

Danbury Museum

United Way of Pioneer Valley

Neighborhood Housing Services of Waterbury