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NE CUs tailor FHLB Boston equity builder program for homebuyers

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Nearly 30 credit unions have been approved by the Federal Home Loan Bank (FHLB) Boston to participate in the 2016 Equity Builder Program (EBP).

The program offers grants to eligible financial institutions to provide households with incomes at or below 80% of the area median income with down payment, closing cost, homebuyer counseling and rehabilitation assistance. Members can also use EBP grants to match eligible buyers' savings under an individual development account-type program. ...see original coverage...