Ken Willis

​​Housing + Economic Growth

Through our housing and community investment programs, our members increase affordable housing and promote economic development. 

"We're ready to help address the afforable housing needs of the communities you serve."

Meet Ken

Affordable Housing Program

The Affordable Housing Program provides funding for the creation and renovation of housing for households earning up to 80% of area median income. The application period for this program opens June 2, 2025.

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Equity Builder Program

This first-time homebuyer assistance program enables members to help lower-income households with down-payment and closing-cost assistance grants. All FHLBank Boston programs are for members only. Homebuyers, Realtors, and attorneys cannot apply for this program and must contact a bank or credit union that is an FHLBank Boston member if they are interested.

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Community Development Advance

Members use this discounted fixed-rated financing program to support affordable housing development, small business lending, and capital improvements. 

SEE HOW IT WORKS

New CDFI Advance

Members can use this 0% interest rate advance to partner with non-depository certified Community Development Financial Institutions (CDFIs) to support affordable housing development, job creation, small business growth, and the expansion of community facilities in distressed New England communities.

Learn How the Advance Works

General Overview

Review procedures, frequently asked questions, and deadlines to learn more about this new advance.

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Informational Webinar

FHLBank Boston hosted a webinar to explain how the CDFI Advance works. if you missed it, watch the recorded webinar now. 

View Webinar

Woman and man standing next to each other outdoors in front of their home while holding hands and smiling.

Lift Up Homeownership

One of three homeownership assistance programs that FHLBank Boston offers, Lift Up Homeownership provides members with funding in support of down-payment and closing-cost assistance to first-generation homebuyers and people of color purchasing their first home. Homebuyers must have incomes up to or below 120% area median income to be eligible. 

Learn More

balloons and grand opening sign in front of an affordable housing development

Community Lending Plan

FHLBank Boston develops an annual Community Lending Plan to identify housing and economic development priorities and opportunities.

Review the Plan

woman and man who are part of housing and community investment team standing and listening to a speaker

Housing + Community Investment Team

Our team administers the Affordable Housing Program, Community Development Advance program, and much more and is in frequent contact with members to help them successfully use these programs. 

Meet the Team

A smiling married couple sits on a sofa in the new home they purchased with the help of funding from an FHLBank Boston homebuyer assistance program.

Homeownership Assistance

Learn how one Massachusetts bank used the Equity Builder Program to help a local couple purchase their first home. 

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