Housing Our Workforce (HOW) Program
believe & achieve
Down Payment Assistance
Housing Our Workforce (HOW) provides down-payment assistance to homebuyers earning more than 80% and up to 120% of the area median income.
How does the program work?
HOW provides a two-to-one match of down payments made at time of purchase by eligible homebuyers. For example, if a homebuyer makes a $12,500 down payment, as shown on their purchase and sale agreement, FHLBank Boston will provide a match up to $25,000.
Contact us today to learn more about applying for assistance.
*Subject to credit approval. Must have individual or household income more than 80% up to 120% of the HUD median income based on future address to qualify. Must be primary residence. The funds are from a pool of monies provided by FHLB and are available on a first-come, first-served basis. Funds are not guaranteed. Restrictions may apply.