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Housing authority outlines RAD conversion, master plan; developer eyes Fenno Street parcel for affordable housing
Summary
The Revere Housing Authority said it plans a three‑phase repositioning including a RAD conversion that could add about 175 vouchers and roughly $3 million in funding; trustees were also told a developer is exploring a 100% affordable project on a Fenno Street parcel adjacent to Chelsea Housing Authority property.
Dean Harris, speaking on behalf of the housing authority, told the trust the authority plans a three-phase repositioning of its federal portfolio that begins with a Rental Assistance Demonstration (RAD) conversion. Harris said the RAD-style conversion would create an additional roughly 175 project-based vouchers and generate approximately $3 million in additional funding for the authority’s federal portfolio.
Harris described a redevelopment concept on Shirley Avenue to repurpose several three-family buildings into a new five‑story building of about 26 units, and said the authority is doing a master plan for the Coolidge/Constitution area covering roughly 39 acres. He said the authority will engage the public and city officials as the planning moves forward.
Rafalese and Harris also discussed development interest in a parcel near Fenno Street that abuts the Chelsea Housing Authority property; staff described the parcel as irregularly zoned, tucked under the highway and surrounded by housing. Rafalese said a developer has expressed interest in a 100% affordable project but has not yet approached the trust for funding.
Rafalese noted that the city’s housing production plan established numeric near‑term goals — he cited targets the trust had discussed previously (about 129 units approved within a year of the plan and about 250 within two years) — and said the city has not yet reached those approvals. He also said units under construction will be added to the state’s Subsidized Housing Inventory (SHI) and acknowledged the city’s current SHI share is below the 10% threshold typically referenced in Chapter 40B discussions.
