Greylock Federal Offers Assistance to Homebuyers Through FHLBank Boston

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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

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Lanesborough OKs Open Space Plan, Short-Term Rental Forms

By Breanna SteeleiBerkshires Staff
LANESBOROUGH, Mass. — The Select Board on Monday set fees for short-term rentals and adopted an Open Space and Recreation Plan.
 
Town Administrator Gina Dario discussed the draft for STR registration and certificate of inspection since the new bylaws were passed at the annual town meeting.
 
The draft shows the process to file for inspection through Permit Eyes, the town's online permitting system that includes the state building code and safety requirements. Dario said members of the Planning Board and Zoning Board of Appeals and the building commissioner looked at other town models to come up with the best process for registration.
 
Inspections will be annually for non-owner occupied units and five years for owner-occupied. The inspection fee is a flat $50. The last suggestion discussed was the posting requirements for key information.
 
Dario said they looked at about four other communities on how they used non-sensitive information on owner contacts. Chair Deborah Maynard motioned to have the information posted both inside and out to help with law enforcement if needed.
 
"I'm going to make a motion that we put that relevant information not only on the inside of the short-term rental but on the outside, so if the police need to respond, ambulance needs to respond, fire especially needs to respond, all that information is there, nobody has to go searching for it," she said. "If push comes to shove, and it's a matter of minutes, that's going to make a big, a big difference in the outcome of the incident."
 
The board then heard a presentation from Berkshire Regional Planning Commission's community planner Andrew McKeever and Open Space and Recreation Committee Vice Chair Mark Hawthorne.
 
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