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Equity Builder – Homebuyers & Homeowners

The Federal Home Loan Bank of Boston's Equity Builder Program (EBP) offers members grants to provide households with incomes at or below 80 percent of the area median income with down-payment, closing-cost, home-buyer counseling, and rehabilitation assistance. Members can also use EBP grants to match eligible buyers' savings under an IDA-type program. Individual homebuyers and borrowers may not apply directly to the Equity Builder Program. Interested homebuyers and borrowers must work with a Federal Home Loan Bank of Boston financial institution approved to participate in the 2019 Equity Builder Program see Members Approved for listing.

Eligible Buyers

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 future address.

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.

Eligible Properties

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 refer to our Homebuyer FAQ if you are a potential homebuyer.


Please refer to our Homeowner FAQ if you are a homeowner who received the EBP grant.

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