Greenfield Cooperative Bank Offers Assistance to Homebuyers through FHL Bank Boston Programs

Greenfield Cooperative Bank 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 provide assistance to 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 $32,099 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.

“These grant programs are designed to ease some challenges associated with a home purchase, particularly at a time when home prices have risen sharply and are beyond the reach of many individuals and families. We are pleased to participate to help borrowers become homebuyers, while also supporting the financial stability and vitality of our communities,” said Jane H. Wolfe, Executive Vice President of Residential Lending, Greenfield Cooperative Bank.

Greenfield Cooperative Bank is eligible to reserve up to $250,000 through the EBP and up to $250,0000 through HOW depending on availability of funds in 2026.

To learn more about applying for assistance through these programs, please contact one of the following individuals:

Missy Tetreault, Vice President & Community Engagement Mortgage Officer at 413-773-6180 mtetreault@greenfieldcoopbank.com

Victor H. Rodriguez Sr, Vice President & Community Engagement Mortgage Officer at 413-322-7114 vrodriguez@greenfieldcoopbank.com

Katya Krasnova, Vice President and Mortgage Originator at 413-773-6104 kkrasnova@greenfieldcoopbank.com

Shelly H. Malo, Senior Mortgage Originator at 413-695-4344 smalo@greenfieldcoopbank.com

Kimberlee Gates, Mortgage Originator at 413-322-7116  kgates@greenfieldcoopbank.com

About Greenfield Cooperative Bank

Greenfield Cooperative Bank and its Northampton Cooperative Bank Division is a local community bank, primarily serving Franklin and Hampshire Counties. It has ten branches located in both 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.