Updates

ATHOL CREDIT UNION OFFERS ASSISTANCE TO HOMEBUYERS THROUGH FHLBANK BOSTON PROGRAMS

Athol, MA (March 20, 2025) — Athol Credit Union has been approved to participate in Federal Home Loan Bank of Boston’s homeownership assistance programs, Equity Builder Program and Housing Our Workforce. Both programs help income-eligible homebuyers who are purchasing one- to four-family homes that will serve as their primary residence.

Equity Builder Program (EBP) provides grants to financial institutions to help local first-time homebuyers with down payments and closing costs as well as homebuyer counseling and rehabilitation assistance. Borrowers earning up to 80% of the area median income are eligible to receive up to $25,000 in assistance on a first-come, first-served basis. Buyers must complete homebuyer education/counseling.

Housing Our Workforce (HOW) enables financial institutions to help local homebuyers earning more than 80% and up to 120% of the area median income with down payments and closing costs. Borrowers can receive up to $25,000 in assistance on a first-come, first-served basis. Buyers must complete homebuyer education/counseling if they are a first-time homebuyer.

Athol Credit Union is eligible to reserve up to $250,000 through the EBP and up to $250,0000 through HOW depending on availability of funds in 2025.

To learn more about applying for assistance through these programs, please contact Natasha Langille at 978-249-2149 or [email protected].

Athol Credit Union opened its doors on June 12, 1930. Since the beginning we have aimed to help people and families through our products and services. While at the same time investing in our communities.

About FHLBank Boston

The Federal Home Loan Bank of Boston is a cooperatively owned wholesale bank for housing finance in the six New England states. Its mission is to provide highly reliable wholesale funding and liquidity to its member financial institutions in New England. The Bank also develops and delivers competitively priced financial products, services, and expertise that support housing finance, community development, and economic growth, including programs targeted to lower-income households

ATHOL CREDIT UNION OFFERS HOMEBUYING ASSITANCE TO PEOPLE OF COLOR THORUGH FHLBANK BOSTON’S SPECIAL PURPOSE CREDIT PROGRAM

Athol, MA (March 2025) – Athol Credit Union has been approved to participate in the Lift Up Homeownership program, a special purpose credit program offered by Federal Home Loan Bank of Boston (FHLBank Boston) to provide financial assistance to people of color purchasing their first home.

Through Lift Up Homeownership, people of color earning up to 120% of the area median income are eligible to receive up to $50,000 in down-payment closing-cost assistance on a first-come, first-served basis to purchase their first home in New England. Participating homebuyers are required to complete a homebuyer counseling program prior to receiving a program grant.

Eligible buyers include borrowers who are Black, American Indian/Alaska Native, Hispanic, Asian, and Native Hawaiian/Pacific Islander.

To learn more about applying for homebuying assistance through the Lift Up Homeownership program and other programs Athol Credit Union offers in partnership with FHLBank Boston and other organizations, please contact Natasha Langille Mortgage & Consumer Loan Originator 978-249-2149.

Athol Credit Union opened its doors on June 12, 1930. Since the beginning we have aimed to help people and families through our products and services. While at the same time investing in our communities.

About FHLBank Boston:
Federal Home Loan Bank of Boston is a cooperatively owned wholesale bank for housing finance in the six New England states. Its mission is to provide highly reliable wholesale funding and liquidity to its member financial institutions in New England. The Bank also develops and delivers competitively priced financial products, services, and expertise that support housing finance, community development, and economic growth, including programs targeted to lower-income households.