Please review the Bank's Announcement and Notice of Changes 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 .
more information about the EBP application process,
please see the EBP
Application Manual ,
Enrollment/Disbursement Manual , EBP
Technical Assistance Training, the 2017 AHP Implementation Plan , or contact