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FHLBank Boston Lift Up Homeownership

Administered by:
Federal Home Loan Bank of Boston
· Nonprofit · Grant
Funding status: Active

How much assistance

Up to $40,000 grant
Forgivable after 5 years from the closing date, subject to complying with affordability provisions.

Eligibility

  • Income limits: Up to 120% of Area Median Income
  • First-time buyer required: Yes — Must be a first-generation homebuyer.
  • Geographic restrictions: Available across New England (Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, Vermont) through participating FHLBank Boston member institutions.
  • Homebuyer education required: Yes

How to Apply for FHLBank Boston Lift Up Homeownership

Work with a participating FHLBank Boston member bank or credit union. Must contribute at least $1,000 of your own funds toward down payment. Complete homebuyer education through a HUD-approved counseling agency. Maximum household assets of $150,000.

Learn More About Homebuying Assistance

Cities Where This Program Is Available (18 cities across 1 state)