Housing and Community Investment Offerings
Affordable Housing Program (AHP)
Uses
Gap financing for the acquisition, rehabilitation, or new construction of owner-occupied and rental housing
Beneficiaries
Owner-occupied and tenant households with income at or below 80% of the area median income (AMI)
Funding
Grants and subsidized advance funds up to $1 million per project. For more information, visit Affordable Housing Program.
Availability
- Application period opens: June 1, 2026
- Application deadline for sponsors: July 16, 2026
- Member application review period deadline: July 30, 2026
Equity Builder Program (EBP)
Uses
Down-payment, closing-cost, and rehabilitation assistance
Beneficiaries
First-time homebuyers earning up to 80% of area median income
Funding
Grants of up to $32,099 per household. For more information, visit Equity Builder Program.
Availability
- Application period: February 2 – February 27, 2026
- Homebuyer enrollments begin: April 1, 2026
Housing Our Workforce (HOW)
Uses
Down-payment and closing-cost assistance
Beneficiaries
Homebuyers earning above 80% and up to 120% of area median income
Funding
Grants of up to $25,000 per household. For more information, visit Housing Our Workforce.
Availability
- Application period: February 2 – February 27, 2026
- Homebuyer enrollments begin: April 1, 2026
Lift Up Homeownership (LUH)
Uses
Down-payment and closing-cost assistance
Beneficiaries
First-generation homebuyers earning up to 120% of area median income. For more information, visit Lift Up Homeownership.
Funding
Grants of up to $40,000 per household
Availability
- Application period: February 2 – February 27, 2026
- Homebuyer enrollments begin: April 1, 2026
Community Development Advance (CDA)
Uses
Discounted advances for capital needs (small businesses, affordable housing, schools, roads)
Beneficiaries
Communities, small businesses, affordable housing, local infrastructure
Funding
Discounted advances (CDA and CDA Extra options). For more information, visit Community Development Advance.
Availability
- Training webinars: March 19, 2026 & June 10, 2026
- Funding available year-round
Jobs for New England (JNE)
Uses
0% financing for fixed-asset small business loans that create/retain jobs or expand minority, women, veteran, or disabled-owned businesses
Beneficiaries
Small businesses, nonprofits, community organizations
Funding
0% advances to members for qualifying loans. For more information, visit Jobs for New England.
Availability
- Informational webinar and application portal opens: February 11, 2026
- Application period begins: March 4, 2026
- Disbursement Deadline: April 2, 2027
New England Fund (NEF)
Uses
Advances to support affordable housing through inclusionary zoning (Comprehensive Permit developments)
Beneficiaries
Affordable housing developers in Massachusetts and Rhode Island
Funding
For more information about funding and availability, visit New England Fund.
CDFI Advance
Uses
0% rate advances to support affordable housing, job creation, small business growth, and community facilities
Beneficiaries
Non-depository CDFIs in New England communities
Funding
0% advances to members partnering with CDFIs. For more information, visit CDFI Advance Program.
Availability
- Informational webinar: March 3, 2026
- Application portal opens: March 2, 2026
- Application period opens: March 16, 2026
Disaster Relief Program
Uses
Mortgage assistance for homeowners and small businesses, including principal, interest, and taxes for properties in New England impacted by a state or federally declared disaster
Beneficiaries
- Homeowners earning up to 100% of area median income who own a primary residence in the declared disaster area
- Small businesses that meet the federal definition under 15 U.S.C. 632(a) and 13 CFR part 121
- Eligible properties must be located in a declared disaster area within New England and have a mortgage held or serviced by an FHLBank Boston member
Funding
Grants of up to $15,000 per household or business for mortgage assistance, covering up to six months. Minimum grant amount: $5.000
Availability
Applications are required annually and may be submitted at any time throughout the year. Homebuyer and small business enrollments must be completed within 30 days of program funding notification.
Grants for New England Partnerships
Uses
Grants to member institutions for distribution to nonprofit organizations
Beneficiaries
Nonprofits selected by member institutions
Funding
Grants are based on availability and member’s participation in housing and community investment programs. For more information about funding and availability, visit Grants for New England Partnerships.
Community Support Program
Uses
Ensures members meet community investment/service standards for program access
Beneficiaries
FHLBank Boston member institutions. For more information, visit Community Support Program.
Funding
N/A (compliance program)