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Housing authority outlines three‑phase strategy; city notes developer interest near Chelsea border
Summary
Revere Housing Authority briefed the trust on a three‑phase repositioning including a RAD conversion, additional vouchers and redevelopments; city staff reported a developer is seeking to pursue a 100% affordable project on a challenging parcel near the Chelsea boundary and reminded members of Housing Production Plan goals tied to Chapter 40B.
The Revere Housing Authority (RHA) told the Affordable Housing Trust it is pursuing a three‑phase repositioning strategy that could expand voucher capacity and generate federal funds for redevelopment, and city staff reported interest from a private developer in a parcel adjacent to Chelsea that might yield an affordable project.
Dean Harris of the housing authority said the RHA plans to convert its federal portfolio through a RAD conversion, which the authority expects would generate an additional 175 vouchers (Faircloth vouchers were mentioned) and approximately $3 million in federal funding to support repairs and…
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