Housing Our Workforce

Housing Our Workforce (HOW):

HOW is a Federal Home Loan Bank Boston (FHLB) grant-based program with funds available on a first-come, first-served basis
Funds are available now but are limited
Assists eligible homebuyers with up to $25,000 in matching grants for down-payment costs*
Provides one-to-one match of down payments made at time of purchase by homebuyers earning more than 80% or up to 120% of HUD median income based on property location*
- Example: if a homebuyer makes a $5,000 down payment, Federal Home Loan Bank Boston (FHLB) will provide a $7,500 match. Members approved to participate in the program may make enrollment requests of up to $15,000 per homebuyer from the pool of funds to assist income-eligible households on a first-come, first-served, homebuyer-by-homebuyer basis
Supports borrowers who are essential to the long-term economic vitality of our communities purchase homes in communities where they work
Recipients must attend a homebuyer education/counseling program

For more information about HOW, click here or contact one of our local lenders.

*Program amounts subject to change without notice

East Cambridge at Your Service