PITTSFIELD, Mass.–To assist people of color purchasing their first home, Greylock Federal Credit Union is reporting it has been approved to participate in the Lift Up Homeownership program, a special purpose credit program offered by Federal Home Loan Bank of Boston.

Through Lift Up Homeownership, people of color earning up to 120% of the area median income are eligible to receive up to $50,000 toward a down payment and closing costs to purchase their first home in New England. The credit union reported. Participating homebuyers are required to complete a homebuyer counseling program prior to receiving a program grant.

According to Greylock, eligible buyers include borrowers who are Black, American Indian/Alaska Native, Hispanic, Asian, and Native Hawaiian/Pacific Islander. Assistance is given on a first-come, first-served basis.