Housing Our Workforce Eligibility + Terms of Funding

If you are interested in assisting income-eligible homebuyers with Housing Our Workforce (HOW) grants, please review the following guidelines before applying:

Grants Can Be Used For:

  • Down payments
  • Owner-occupied primary residences

Grants Cannot Be Used For:

  • Paying principal, interest, taxes, and insurance reserves payments
  • Investment properties
  • Paying costs of prepaid life insurance premiums 
  • Reimbursing a homebuyer for earnest money deposits
  • Returning cash back to a homebuyer in excess of $250
  • Using in conjunction with an Affordable Housing Program subsidy awarded to the same borrower for the same transaction

Home Purchase Price Limits

Check to see the maximum home purchase prices by county in each state.

Income Calculation Guidelines

See what guidelines FHLBank Boston uses to verify household income and determine eligibility of households participating in our homeownership assistance programs, including HOW.

First-time Homebuyers

Homeownership education and counseling is required for first-time homebuyers only. Please refer to this agency list, which includes FHLBank Boston approved homebuyer counseling organizations in each New England state.


Manage Your Application

Find the form or application you need here.

Training Materials

Find the training materials to help you secure a HOW grant.

Procedures + Requirements

Learn the details to help you successfully apply.

* 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.