All Products & Programs

Advances

With fixed and adjustable rate features, FHLBank Boston’s broad range of advances offers flexible cash flow and payment options to fit members’ business goals.

Mortgage Partnership Finance

The Mortgage Partnership Finance program serves a wide range of secondary market options whether it is enhanced revenue through risk sharing or liquidity by providing ready access to the conventional and government markets.

Housing & Economic Growth

FHLBank Boston members use our suite of housing and community investment programs to expand the stock of affordable housing and promote economic development.

Letters of Credit

Financial institutions use our letters of credit to facilitate residential housing finance and community lending, improve liquidity, and meet a variety of other financing needs.

Correspondent Services

Safekeeping, wire transfer, and other correspondent services from FHLBank Boston help members improve profitability and save time managing their cash positions and securities portfolios.

Online Banking

Offering a user-friendly and intuitive experience, Online Banking enables members to initiate advances, outgoing advance wires, safekeeping trades, letters of credit, and more online.
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All Member Resources

Products & Solutions Guide

Review advance product details and information about eligible collateral, collateral evaluation, and borrowing documentation in the Products + Solutions Guide.

Forms & Applications

Find the form or application you need to effectively use our products and programs.

Capital Stock Requirements

Read about FHLBank Boston’s membership stock investment requirements to complete transactions.

Member Directory

See which banks, credit unions, and insurance companies comprise FHLBank Boston’s membership.

Policies

Learn more about how FHLBank Boston manages operational risk and supports the expansion of fair and equitable homeownership opportunities.

Collateral Overview

Before securing an advance, letter of credit, or a line of credit, get more information about pledging collateral and our collateral review process.

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Affordable Housing Program Application & Reporting Process

Members can access subsidized loans and grants through the Affordable Housing Program (AHP). Below is some information about the 2025 application period.

Application Period

Below are some important dates to consider for the 2025 AHP:

The online application period opened on Monday, June 2, 2025.
All applications and supporting documentation must be electronically submitted by 3:00 p.m. on Thursday, July 17, 2025.
Members will have until 3:00 p.m. on Thursday, July 31, 2025 to complete the online application review.

Conditions of Funding + Reporting

Members and housing sponsors must report periodically on the use of funds to FHLBank Boston to help track the housing initiative’s progress and meet Affordable Housing Program regulatory requirements. Any subsidies unused by the project or deemed improperly used by FHLBank Boston will be recaptured.

Initiatives must be retained as affordable for prescribed periods through a legally enforceable retention mechanism. Generally, a subordinate mortgage in the case of a direct-subsidy award, and a first mortgage in the case of a subsidized-advance award, serve as standard retention mechanisms. FHLBank Boston has several standard documents, such as legal notes, mortgages, and other legal documents, which can be found in Forms & Applications.

Initiatives funded through the AHP are subject to the following reporting requirements. Reports are available through the Community Lending Login.

Semiannual Progress Reports: Semiannual Progress Reports are required until the project is complete. Upon completion of an initiative, our staff compare the completed project with that which was proposed in the application to determine whether the project remains in compliance with the AHP regulation.
Annual Compliance Certification: Members and project sponsors must submit an Annual Compliance Certification every year for 15 years for rental developments.
Periodic Monitoring Reports*: FHLBank Boston requires risk-based, long-term monitoring and reporting from both project sponsors/owners and members on a periodic basis. The reporting requirements and timeline are detailed in the AHP Implementation Plan.

The Periodic Monitoring Report has been combined with the Annual Compliance Certification (ACCPMR). For more information or to review the training presentation, please contact Theo Noell.