Kaitlyn Mulhern

Equity Builder Program

The Equity Builder Program (EBP) offers grants to help first-time buyers earning up to 80% of the area median income with down-payment, closing cost, and home rehabilitation assistance, and homebuyer education and counseling.

“EBP makes homeownership a reality for hundreds of New England residents each year.”

Kaitlyn Mulhern

Homeownership Set-Aside Programs Manager

Eligibility

Members in good standing are eligible to receive up to the annual enrollment cap of $320,000*. You’ll find more information about how EBP can be leveraged by members in this section.

Training Materials

EBP training webinars provide details about the program application, enrollment, loan origination, and disbursement process.

Procedures & Requirements

If you’re a member working with an eligible homebuyer who could benefit from EBP, be sure to review these important dates and key application steps.

Looking for a form? 

woman and man standing with home in background

Are You A Homebuyer?

Homebuyers cannot apply directly to FHLBank Boston to participate in this program. If you are a homebuyer, contact a member bank or credit union that has been approved to participate.

view list of fhlbank boston members

Frequently Asked Questions

If you are a homebuyer and want to know how this program works, please review these frequently asked questions.

Read More about frequently asked questions
smiling mother and her young daughter sitting close to each other on the steps leading to the porch and front door of their home

Supporting Homeownership

BankFive leveraged Equity Builder Program to help a single mother purchase a home in a Greater Boston community.

Read story about equity builder program

Ready to Apply?

Members can log in and apply here:

Community Lending Login

* FHLBank Boston reserves the right in its sole discretion to determine at the time the application is submitted, whether a member is eligible to participate in our homeownership assistance programs based on, but not limited to, the borrowing and/or credit status of the member. There is a graduated member cap starting at $160,000 for the first two funding release periods. During the remaining funding releases, the member cap increases to a maximum of $320,000 (no member can reserve more than $320,000 for the program year.)