HUDSON, MA (June 28, 2023) — Avidia Bank has been approved to participate in the Lift Up Homeownership program, a Federal Home Loan Bank of Boston pilot program designed to provide financial assistance to people of color purchasing their first home. People of color is defined as Black, American Indian or Alaska Native, Hispanic, Asian, and Native Hawaiian or Pacific Islander borrowers.

Through Lift Up Homeownership (LUH), people of color earning up to 120% of the area median income are eligible to receive up to $50,000 in down-payment and closing cost assistance on a first-come, first-served basis to purchase their first home in New England. Homebuyers are required to complete a homebuyer counseling program prior to receiving LUH funds.

“At a time when home prices and mortgage interest rates have risen sharply in New England, the dream of owning a home is beyond the reach of many. Avidia Bank is pleased to participate in the Lift Up Homeownership program and offer people of color a critical stepping stone to realizing their homeownership goals,” said Don Frost, EVP, Consumer Banking, Avidia Bank.

To learn more about applying for homebuying assistance through the Lift Up Homeownership program and other programs Avidia Bank offers in partnership with Federal Home Loan Bank of Boston and other organizations, please contact the Avidia Bank Residential Lending team at 800-508-2265.

About Avidia Bank

Avidia Bank is a $2.5 billion community bank headquartered in Hudson, MA with additional branches in Westborough, Framingham, Shrewsbury, Clinton, Leominster, Marlborough, and Northborough. For more than 150 years, the Bank has provided personal, commercial, and residential banking services. Learn more at avidiabank.com. Member FDIC. Member DIF. Equal Housing Lender. NMLS# 422902

About FHLBank Boston

The Federal Home Loan Bank of Boston is a cooperatively owned wholesale bank for housing finance in the six New England states. Its mission is to provide highly reliable wholesale funding and liquidity to its member financial institutions in New England. The Bank also develops and delivers competitively priced financial products, services, and expertise that support housing finance, community development, and economic growth, including programs targeted to lower-income households.