Greylock Federal Offers Assistance to Homebuyers Through FHLBank Boston

08:46AM / Saturday, March 29, 2025Print Story | Email Story

PITTSFIELD, Mass. — Greylock Federal Credit Union 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 help 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 percent of the area median income are eligible to receive up to $25,000 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 percent and up to 120 percent 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 Tara McCluskey, Greylock's Vice President, Mortgage Originations Manager.

Greylock is eligible to reserve up to $250,000 through the EBP and up to $250,0000 through HOW depending on availability of funds in 2025.

To learn more about applying for assistance through these programs, contact the Greylock mortgage department at 413-236-412

Tags: Greylock Federal,

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Pittsfield Human Service Funding Applications Open Soon

By Brittany PolitoiBerkshires Staff
06:16AM / Thursday, November 05, 2026

PITTSFIELD, Mass. — Applications for human services funding open next week, and membership space is available for anyone who wants to be involved in the process.

Last week, the Human Services Advisory Council laid out a timeline for the next year's grant awards. It provides funding recommendations to the mayor on how Pittsfield should allocate its human services funding, a mix of Community Development Block Grants and general fund money.

Request for proposal applications will be available at the Department of Community Development on Nov. 9; there will be three bidders conferences in November and December, and public comment on human service needs will begin in the new year.

Proposals are due to the Department of Community Development on Jan. 8, 2027. The public comment period closes at the end of January, and in the spring, the Human Services Advisory Council will recommend funding.

"We typically get about 20 to 30 applications each year," reported Nate Joyner, Pittsfield's community development and housing program manager.

He explained that the schedule of activities proposed for the upcoming cycle is similar to last year. Though, any references to American Rescue Plan Act funding were removed, as the nearly $41 million funding infusion during the COVID-19 pandemic has been exhausted.

The council will also need a new chair, as Rosalind Kopfstein has retired. In January, it will vote on nominations. Jenny Bell was welcomed as a new member at the Oct. 29 virtual meeting, and there are additional openings.

Last year's human service funding benefitted more than 4,000 community members. A total of $154,500 in CDBG funds was allocated to 13 different agencies, and $51,750 from the city general fund was granted to ten agencies.

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