Five given home

buying assistance

WATERFORD — Charter Oak Federal Credit Union has announced that five of its members have received a total of $55,000 in housing assistance to help ease the costs associated with buying their first homes.

Each of the five first-time homebuyers has received $11,000 in funds through the Equity Builder Program from the Federal Home Loan Bank of Boston. The Equity Builder Program offers Home Loan Bank members such as Charter Oak grants to provide households with incomes at or below 80 percent of the area median income with down-payment, closing-cost, home-buyer counseling and rehabilitation assistance.