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

TAUNTON, MA, April 2, 2018 — 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 $3.1 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 $11,000 in assistance on a first come first serve basis. Buyers must also complete a homebuyer counseling program.

“We are pleased to be able to offer this assistance to help ease some of the challenges associated with a home purchase,” said Patrick Murray, President & CEO of Bristol County Savings Bank. “Homeownership is key to building wealth and creating financial stability, and programs that assist homebuyers are a critical component in ensuring that our communities continue to thrive.”

Bristol County Savings Bank is eligible to receive up to $110,000 in 2018 through the Equity Builder Program depending on availability of funds. Since 2003, the Equity Builder Program has awarded more than $35 million in EBP funds assisting 3,150 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.