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Tools Online Readers of Tools
can now read the publication online (www.fhlbboston.com/tools).
The online version includes multimedia documentaries, events presentations,
and other housing-program resources. Archive editions of the online
publication are also available.
Grants for New England Partnership In
2004, 25 member banks received $1,000 awards from the Federal Home
Loan Bank of Boston's Grants for New England Partnerships program.
Members receiving awards distribute them to nonprofits of their
choice. Every year the Bank makes $25,000 in cash awards available
under the program.
Eligible for awards last year were members who enrolled in the Bank's
new Project Listing Service. The service allows nonprofit and for-profit
developers to list projects for which they are seeking funding.
Member financial institutions then access the service through a
secure section of the Bank's web site and respond to initiatives
they deem valuable lending and investment opportunities.
Award recipients last year included the Wellesley Co-Operative Bank,
which divided its $1,000 award among three nonprofits: A Better
Chance, an organization offering inner-city youth the chance to
be educated in suburban schools; the Special Olympics, an international
year-round program of sports training and competition for people
with mental retardation; and the American Red Cross, a humanitarian
organization that provides relief to victims of disasters.
Need Technical Assistance?
Financial institutions and community-based organizations interested
in learning more about the Bank's community-lending programs are
encouraged to contact one of the Bank's community investment managers
to schedule a community-development consultation.
Managers are available to meet with members and organizations
to review the Bank's community-investment programs, including the
Affordable Housing Program, Equity Builder Program, the Community
Development advance, and the New England Fund.
For more information or to schedule a consultation, please contact
one of the Bank's managers:
Liz Nickerson: 617-292-9646 (liz.nickerson@fhlbboston.com)
Carmen Seales: 617-292-9770 (carmen.seales@fhlbboston.com)
Ken Willis: 617-292-9631 (ken.willis@fhlbboston.com)
Theo Noell: 617-292-9668 (theodore.noell@fhlbboston.com)
Rodney Peterson: 617-292-9653 (rodney.peterson@fhlbboston.com)
Fifth Annual Housing Competition
The fifth annual Affordable Housing Development Competition begins
in February and will run through mid-April 2005. Sponsored by the
Bank, the Citizens' Housing and Planning Association, and the Boston
Foundation, the competition pairs Boston-area graduate students
and development organizations to develop innovative affordable housing
development proposals. One hundred and forty students and 16 developers
have participated since 2001. Please visit the competition web site
at www.fhlbboston.com/compete to learn more.
AHP Update The application
period for round one of the Bank's 2005 Affordable Housing Program
(AHP) opens March 1, 2005, and closes April 29, 2005, at 5:30 p.m.
An estimated $4.2 million in funding will be available in round
one. AHP training sessions will be held on March 3 in Portland,
Maine, and Farmington, Connecticut; March 10 in Hanover, New Hampshire;
March 15 in Boston, Massachusetts; and March 16 in Warwick, Rhode
Island. For more information and to register, see the Events section
of the Bank's web site at www.fhlbboston.com.
EBP Update The application
period for the Bank's Equity Builder Program (EBP) opens March 1,
2005, and closes April 1, 2005, at 5:30 p.m. Approximately $1.4
million in EBP funding will be available for the 2005 program. An
EBP training session will be held February 16 at the Bank in Boston.
For more information and to register, see the Events section of
the Bank's web site at www.fhlbboston.com.
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