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Revere Affordable Housing Trust reports $668,625.87 balance; first-time homebuyer subsidies moving toward closing
Summary
At its Jan. 8 meeting the Revere Affordable Housing Trust Fund Board heard a treasurer—alance report and an update that several first-time homebuyer applicants are in a waiting window to submit purchase-and-sale agreements before the trust can disburse funds.
The City of Revere Affordable Housing Trust Fund Board reported a trust balance of $668,625.87 and said it is preparing to move funds to approved first-time homebuyer applicants once they provide purchase-and-sale agreements.
Treasure Enyo Osmarqui reported, "the current balance is $668,625.87." That figure was presented at the board's Jan. 8 virtual meeting, held because council chambers are under renovation.
Chair Joe Gravelizzi said trust staff…
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