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Trust proposes $150,000 open call for housing projects prioritizing 80% AMI and local preference
Summary
The Trust described a first funding round of $150,000 for an open call to create or preserve housing at or below 80% AMI, with priority for projects that maximize local preference, leverage other funding sources, or serve households at or below 60% AMI.
The Revere Affordable Housing Trust put forward a draft open call for housing proposals and said it would make $150,000 available in the first funding round. Staff said the call would require applicants to create or preserve housing units affordable at 80% of area median income or lower and that the trust would apply scoring weight to proposals that prioritize existing Revere residents, leverage other funding sources and serve households at or…
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