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Revere reopens down payment assistance after $705,000 state earmark
Summary
The city received a $705,000 state earmark for its first-time homebuyer down payment assistance program and reopened applications; approved applicants will have six months to find a property and funds will be awarded on a first-come, first-served basis until exhausted.
The City of Revere has reopened applications for its first-time homebuyer down payment assistance (DPA) program after receiving an unanticipated $705,000 state earmark, board members said during the Affordable Housing Trust Fund meeting.
Chair Joe Gravalese announced the award and said the additional funds triple the…
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