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What is the Equity Builder Program?

April 26, 2017builder equity program

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What is the Equity Builder Program?

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10 Posted

The Federal Home Loan Bank of Boston’s Equity Builder Program (EBP) provides down-payment, closing-cost, and rehabilitation assistance for an owner-occupied unit for home-buying households earning less than 80 percent of the area median income. The program is funded by a percentage of the Bank’s annual Affordable Housing Program (AHP). Through the EBP, grants are made to eligible borrowers when they close on mortgages through participating member financial institutions.