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Bank Awards $37.5 Million for Affordable Housing

The Federal Home Loan Bank of Boston (FHLB Boston) awarded more than $37.5 million in grants, loans, and interest-rate subsidies to support 42 affordable housing initiatives in New England. These projects, funded in part through FHLB Boston's Affordable Housing Program, will create or preserve 1,201 rental and ownership units for individuals and families earning up to 80 percent of the area median income.

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