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City forwards tax‑title transfers to council and allocates $75,000 to first‑time homebuyer aid; senior repairs program remains in planning
Summary
City staff reported that the council has received a request to transfer tax‑title properties to the trust, RFP drafts are in purchasing, the trust received a $75,000 earmark for first‑time homebuyer down‑payment assistance (applications are light) and discussions continue about staffing and administration for a senior home‑repairs program.
Revere — City staff reported March 12 that the Revere City Council has received a request to transfer tax‑title properties into the Affordable Housing Trust Fund’s custody and that drafted request‑for‑proposals (RFPs) for those properties are with the purchasing department.
Treasurer contact Asotin Newton reported the trust fund’s current balance as $677,721.73 and noted the trust has received an additional $75,000 earmark for the first‑time homebuyer down‑payment assistance program. The mayor’s office issued an initial press release to call for applications; board members said applications to date…
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