PITTSFIELD, Mass. — The Pittsfield Cooperative Bank has been selected to participate in the Federal Home Loan Bank of Boston's Equity Builder Program, which assists local homebuyers with down-payment and closing costs as well as homebuyer counseling and rehabilitation assistance.

 

The program provides grants to financial institutions to assist households earning up to 80 percent of the area median income. Borrowers are eligible to receive up to $22,000 in assistance on a first-come, first-served basis. Buyers must also complete a homebuyer counseling program.

 

"This grant program is designed to ease some of the challenges associated with a home purchase, particularly in areas where home prices are on the rise. We are pleased to participate to help borrowers become homebuyers, while also supporting the financial stability and vitality of our communities,” said J. Jay Anderson, President and CEO, of Pittsfield Cooperative Bank.

 

The Pittsfield Cooperative Bank is eligible to receive up to $220,000 in 2022 through the Equity Builder Program depending on the availability of funds.

 

Since 2003, the Equity Builder Program has awarded more than $48.9 million in funds assisting 4,251 income-eligible households to purchase a home.

 

Contact Rich Whalen at 413.629.1610 for more information.