Equity Builder Program Procedures & Requirements
The application period for Equity Builder Program is now closed. Check back in early 2027 for information about the 2027 program funding round.
Application Period & Funding Rounds
Approved members will have access to the funds allocated to the EBP funding round until they have met their maximum amount or until the pool runs out. Funds are always on a first-come, first-served basis. For more information, please refer to the 2026 Program Features and Notice of Changes and the EBP and HOW Procedures. Below is information for the 2026 funding release dates. Information about the 2027 program will be posted in early 2027.
| Date | Type of Funding Release |
|---|---|
| Wednesday, April 1 | state-by-state; member cap is $160,000 |
| Wednesday, April 15 | general pool |
| Friday, May 1 | general pool; member cap increases to $320,000 |
| Friday, May 15 | general pool |
| Monday, June 1 | general pool |
| Tuesday, June 2 | leftover state-by state funding moved into general pool |
| Monday, June 15 | general pool |
Process
There are three easy steps to take advantage of the EBP:
- Apply to participate in the program (this is an annual application process).
- Once approved to participate, enroll homebuyers, and
- After the closing, request disbursement of the grant(s).
To apply and enroll homebuyers, visit Community Lending. All other forms for the application and enrollment process can be found in Forms & Applications.
The standard review time for homebuyer enrollment applications is 15 business days assuming all acceptable documentation has been submitted.
To ensure you have all necessary documentation, please refer to this checklist.
EBP in Affordable Housing Implementation Plan
EBP is guided by the Affordable Housing Program Implementation Plan to ensure that EBP grants are used in an effective, timely, and appropriate manner. The plan is developed each year in consultation with the FHLBank Boston Advisory Council.
*The number of periods, the percentages, and dates can change based on FHLBank Boston’s sole discretion, the current year’s program need, and member/homebuyer demand.
Ready to Apply?
Members can log in and apply here:
