Business People having meeting
 
Overview
Affordable Housing
Program
Equity Builder Program
Member Eligibility
Buyer Eligibility
Apply
Members Approved
Terms of Funding
Forms & Applications
Community Development Advances
New England Fund
Jobs for
New England
Helping to House
New England
Other Programs
Profiles
Articles
Equity Builder – Apply

Please review the Bank's Announcement Adobe PDF icon and Notice of Changes Adobe PDF icon for additional details. The Bank will be offering free online training sessions for all members. Please see the Events page for all EBP training dates and times. EBP Funds will be released based on the following schedule:

EBP Funding Periods

  • 35 Percent of the pool: March 29, 2017
  • 25 Percent of the pool: April 26, 2017
  • 20 Percent of the pool: May 24, 2017
  • 20 Percent of the pool: June 21, 2017

Chartered member institutions work through a two-step process to access EBP funding: first, members apply to participate in the upcoming round. Then, upon receiving approval to participate, members are required to attend the Bank's free online training programs prior to submitting enrollment and disbursement requests on behalf of income-eligible homebuyers. A participating member may submit enrollment requests for no more than the maximum aggregate EBP funding cap of $110,000. EBP funds are awarded to participating members in increments of up to $11,000 on a first-come, first-served, home-buyer by home-buyer basis; EBP funds are not guaranteed or reserved in advance for any participating member.

The first one-third of a member's dollar allocation must be used to fund first-time home buyers (as defined by the Bank in the AHP Implementation Plan — see Attachment D Adobe PDF icon.

For more information about the EBP application process, please see the EBP Application Manual Adobe PDF icon, EBP Enrollment/Disbursement Manual Adobe PDF icon, EBP Technical Assistance Training, the 2017 AHP Implementation Plan Adobe PDF icon, or contact your community investment manager.

 
 
AHP Implementation Plan Adobe PDF icon
Products and Solutions Guide Adobe PDF icon
Rates Specials
Membership