The mission of the Federal Home Loan Bank of Boston is to support the residential-mortgage and community-development lending activities of its members, more than 440 banks, credit unions, insurance companies, and community development financial institutions across the six New England states.
We actively promote member participation in affordable-housing and community-development lending. Our Affordable Housing Program, funded by 10 percent of our net profits each year, awards grants and subsidized loans for initiatives through a competitive process. Our Equity Builder Program provides down-payment, closing-cost, homeowner counseling, and rehabilitation assistance to eligible homebuyers. Other solutions, such as Community Development advances, offer reduced-rate funding for a variety of eligible projects, from job creation and small businesses to affordable housing and improvements to local roads or schools. – less