FHLBank Boston awards $47 million to support affordable housing; Hosts Regional Community Investment Forums
New England Council member FHLBank Boston has awarded $47 million in grants, loans, and interest-rate subsidies through its Affordable Housing Program to support 49 affordable housing initiatives across New England and beyond. The projects will create or preserve 1,532 rental and homeownership units for individuals and families earning up to 80% of the area median income.
Awarded through a competitive scoring process in partnership with FHLBank Boston’s member financial institutions and local developers, this year’s funding will generate housing for low-income seniors, people with disabilities, veterans, formerly homeless individuals, and working families. The grants and loans will be used for construction, acquisition, and rehabilitation costs in communities throughout the six New England states. Since launching the program in 1990, FHLBank Boston has provided more than $800 million in grants and low-cost financing, supporting the creation or preservation of more than 40,000 affordable homes.
“This funding is crucial as housing remains a pressing issue in urban, suburban, and rural parts of our region, and communities face ongoing challenges in creating and maintaining rental and ownership housing for low- and moderate-income households,” said FHLBank Boston President and CEO Timothy J. Barrett.
In addition to this grant funding, the FHLBank Boston will also host a series of seven regional community investment forums throughout New England in March and April of 2026. The series, called “Expanding Investment in New England Communities,” will feature community leaders discussing new investment opportunities and provide the opportunity to network with funders, investors, and community developers. Interested NEC members are welcome to attend. You can find more information and register here.
The New England Council commends FHLBank Boston for its continued commitment to expanding affordable housing across the region, addressing one of the most pressing challenges facing New England communities.
Read more from FHLBank Boston’s website.