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.”

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.

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

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

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.

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.

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.

Homeownership Assistance

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