GFA FCU Gets $100,000 FHLB Affordable Housing Grant

Register now

GARDNER, Mass. – The Federal Home Loan Bank of Boston has awarded GFA FCU a $100,000 “Equity Builder” grant that helps low-income first-time homebuyers pay closing and downpayment costs.

 

The rules require that properties be owner-occupied. The FHLB sets income guidelines for grant recipients and requires the person to attend a homebuyer education course.

 

For reprint and licensing requests for this article, click here.
Lending
MORE FROM AMERICAN BANKER