PITTSFIELD, Mass. — Greylock Federal 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 percent 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.

 

"Greylock is pleased to participate in the Lift Up Homeownership program to offer community members an important tool that can help build wealth and bring stability to their lives," said Tara McCluskey, Greylock's Vice President, Mortgage Originations Manager.

 

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 Greylock offers in partnership with FHLBank Boston and other organizations, contact the Greylock mortgage department at 413-236-4125.