Housing Our Workforce (HOW) enables FHLBank Boston to partner with members to provide income-eligible homebuyers with matching grants for down payments. Homebuyers can receive up to $20,000 on a first-come, first-served basis.
"By using HOW, a greater number of working individuals and families are able to purchase a home."
Kaitlyn Mulhern
Homeownership Set-Aside Programs Manager
Members in good standing are eligible to receive up to the annual enrollment cap of $150,000 to help homebuyers who earn more than 80% and up to 120% of the area median income. As a member, you’ll find more information about home purchase price limits and HOW.
HOW training webinars provide details about the program application, enrollment, loan origination, and disbursement process.
If you’re a member working with an eligible homebuyer who could benefit from HOW, be sure to review these important dates* and key application steps. You can also review these Frequently Asked Questions.
Homebuyers cannot apply directly to FHLBank Boston to participate in HOW. If you are looking to purchase a home, please contact a member bank or credit union approved to participate in the program.
Leading professionals in housing and community development guide FHLBank Boston in how to best support New England’s housing finance and community lending needs.
East Cambridge Savings Bank assisted a local couple with multiple jobs and two children with disabilities with purchasing their first home through HOW.