Greylock Federal Offers Assistance to Homebuyers Through FHLBank Boston

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PITTSFIELD, Mass. — Greylock Federal Credit Union has been approved to participate in Federal Home Loan Bank of Boston's homeownership assistance programs, Equity Builder Program and Housing Our Workforce. 
 
Both programs help income-eligible homebuyers who are purchasing one- to four-family homes that will serve as their primary residence.
 
Equity Builder Program (EBP) provides grants to financial institutions to help local first-time homebuyers with down payments and closing costs as well as homebuyer counseling and rehabilitation assistance. Borrowers earning up to 80 percent of the area median income are eligible to receive up to $25,000 in assistance on a first-come, first-served basis. Buyers must complete homebuyer education/counseling.
 
Housing Our Workforce (HOW) enables financial institutions to help local homebuyers earning more than 80 percent and up to 120 percent of the area median income with down payments and closing costs. Borrowers can receive up to $25,000 in assistance on a first-come, first-served basis. Buyers must complete homebuyer education/counseling if they are a first-time homebuyer.
 
"These grant programs are designed to ease some challenges associated with a home purchase, particularly at a time when home prices have risen sharply and are beyond the reach of many individuals and families. We are pleased to participate to help borrowers become homebuyers, while also supporting the financial stability and vitality of our communities," said Tara McCluskey, Greylock's Vice President, Mortgage Originations Manager.
 
Greylock is eligible to reserve up to $250,000 through the EBP and up to $250,0000 through HOW depending on availability of funds in 2025.
 
To learn more about applying for assistance through these programs, contact the Greylock mortgage department at 413-236-412

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Lanesborough Picks Information Panel for Public Safety Proposal

By Brittany PolitoiBerkshires Staff

LANESBOROUGH, Mass. — The town has a public safety building proposal to present to taxpayers, and now, an informational committee will help move the process forward.

On Monday, the Select Board voted to form a public safety building informational outreach committee and re-appointed four members: Dean Clement, Daniel MacWhinnie, Mark Siegars, and Lisa Dachinger.

"The Public Safety Building Committee has done their job. Now we need, hopefully with some of those same bodies, to form a new committee of some type and move forward," Select Board member Timothy Sorrell explained.

Earlier this month, the town officials voted to advance a $7.3 million combined police/emergency medical services facility to town meeting, discarding the option for a $6.5 million separate build.  The same design, then priced at $5.9 million, was shot down in 2023.

"There is the option to go to what could be a debt exclusion, which requires a two-thirds majority at either a special town meeting or an annual town meeting, and that can be followed by inclusion in a ballot," Town Administrator Gina Dario said.

Siegars advised that if the question goes to a ballot first with a fixed project budget, that amount can't be changed for a subsequent special town meeting vote.

"In our discussions, there are committee members who are willing to stay on if you wanted to continue the committee or appoint to new one, who have volunteered to be involved with any public information sessions to try to answer the questions with the idea that that they would also explore further and work with Gina and town counsel on specifically what the question should be for a special town meeting, and if, if warranted a subsequent ballot vote," he reported.

Chairman Michael Murphy echoed the former committees' arguments that the town can't explore grants and financing until it has approved an amount.

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