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Bristol County Savings Bank Offers Assistance to Homebuyers Through FHLB Boston Program

TAUNTON, MA, March 08, 2019 — Bristol County Savings Bank (BCSB), headquartered in Taunton, Massachusetts, announces that it has been selected to participate in the Federal Home Loan Bank (FHLB) 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 $3.6 million program provides grants to financial institutions to assist households at or below 80 percent of the area median income. Borrowers are eligible to receive up to $15,000 in assistance on a first come first serve basis. Buyers must also complete a homebuyer counseling program.

“Homeownership is not easily attainable for many households, so we are pleased to offer this assistance to help individuals and families purchase a home. Homeownership helps build wealth and create financial stability, and programs that assist homebuyers can be effective in adding to the vibrancy of our communities,” said Patrick Murray, President & CEO of Bristol County Savings Bank.

Bristol County Savings Bank is eligible to receive up to $150,000 in 2019 through the Equity Builder Program depending on availability of funds. Since 2003, the Equity Builder Program has awarded more than $38.8 million in EBP funds assisting 3,512 income-eligible households to purchase a home.

To learn more about applying for assistance, please contact Nelson Braga, Senior Vice President/Residential Lending (NMLS# 475523), Bristol County Savings Bank at (508) 880-0503 or nelson.braga@bcsbmail.com.