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.

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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

Housing & Economic Development Programs

Jobs for New England

New England Fund

Housing Our Workforce

Grants for New England Partnerships

Affordable Housing Competition

Community Support

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 about cdfi advance

Homeownership Assistance

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

view video about equity builder program

Disaster Relief Program

Learn about this pilot program which offers mortgage assistance to homeowners and small businesses affected by federal and state disasters in New England.

read moreabout Disaster Relief Program
A man and woman standing outdoors holding hands front of their home with shrubs and trees in the background.

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 with incomes up to 120% area median income.

Learn more about the lift up homeownerhsip program
Multi-level building with many windows surrounded by concrete walkways and featuring decorative bushes and trees.

Community Lending Plan

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

Read More About fhlbank boston community lending plan
White apartment building featuring a stairway and railing, leading up to a porch with a door, windows, table and chair.

Housing and Community Investment Offerings

Review the list of FHLBank Boston’s housing and community investment programs, including funding amounts and dates for funding rounds on one easy-to-read page.

Learn MOre About Housing and Community Investment Offerings

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 team from fhlbank boston