The Equity Builder
Program (EBP) provides members with grants to assist
home buyers earning no more than 80 percent of the area
The Bank has established Income Calculation Guidelines for determining a household's income.
Where mentioned, "area median income" and "median income" refer to the area median income as defined by the U.S.
Department of Housing and Urban Development (HUD) income
limits. All documents can be found in the Forms
and Applications section of the EBP.
Buyers eligible to receive assistance through the EBP
are individuals and households earning no more than
80 percent of the area median income, based on their
To be eligible to receive assistance through the EBP,
buyers must complete a home-buyer-counseling education program
administered by an agency designated by the EBP-approved
member financial institution.
Individuals and households can receive EBP assistance
to purchase units that they will occupy as their primary
residence. Eligible ownership units include single-family,
one- to four-family homes, townhouses, duplexes, condominiums,
cooperatives, and modular homes. Other types of housing
may be considered.
Please see the EBP
Application Manual and the EBP Enrollment/Disbursement Manual for more information.