The Lift Up Homeownership program offers down-payment and closing-cost assistance to income-eligible first-generation homebuyers and people of color purchasing their first home.
Making Homeownership Possible
The Lift Up Homeownership program awards funding to members on a first-come, first-served basis to provide first-generation homebuyers, as defined by FHLBank Boston, and/or people of color who are purchasing their first home with down-payment and closing-cost assistance. All homebuyers must have incomes up to or below 120% of the area median income to qualify. Members can learn more by reviewing the Lift Up Homeownership Procedures. Homebuyers can view this list of member banks and credit unions that have been approved to participate in 2024.
Applying for Lift Up Homeownership:
Members
If you are a member and would like to learn about eligibility requirements, terms, and the application process for Lift Up Homeownership, please refer to this resource which has all the answers you need.
If you work for a housing counseling agency and would like to learn more about how borrowers you’re helping can benefit from the Lift Up Homeownership program, please review these Frequently Asked Questions.
Two Massachusetts-based banks tapped an FHLBank Boston homeownership assistance program to help two families in the Massachusetts communities of Raynham and Randolph purchase their first homes.