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Bristol County Savings Bank Offers Assistance to Homebuyers Through FHLB Boston “Housing Our Workforce” Program

TAUNTON, MA, May 16, 2019 — Bristol County Savings Bank (BCSB), headquartered in Taunton, Massachusetts, announces that it has been selected to participate in the Federal Home Loan Bank of Boston’s (FHLBank Boston) Housing Our Workforce (HOW) Program. Launched this year, HOW provides assistance to FHLBank Boston financial institution members to help local homebuyers earning more than 80 percent and up to 120 percent of the area median income with down payments on owner-occupied primary residences.

The $2 million program offers a two-to-one match of down payments made at the time of purchase by eligible homebuyers. Borrowers can receive up to $20,000 in assistance on a first-come, first-served basis.

“Many home ownership programs are designed to assist lower-income individuals and families. It is often challenging for those in a slightly higher income range to afford housing, particularly in communities where home prices are escalating. With this program, a greater number of borrowers who are incredibly important to the economic well-being of our communities will be able to achieve home ownership,” said Patrick Murray, President & CEO of Bristol County Savings Bank.

Bristol County Savings Bank is eligible to receive up to $100,000 in 2019 through Housing Our Workforce depending on availability of funds.

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.