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Revere trust to open competitive round for affordable housing proposals with $150,000 first-round pool
Summary
The trust proposed a transparent application and selection process for a first funding round of $150,000 to support projects that create or preserve affordable housing; priorities include maximizing local resident benefit, leveraging other funding sources, and favoring deeper affordability (≤60% AMI).
Joe Rafalese presented a draft open call for affordable-housing proposals and said the trust will create a transparent process and scoring criteria rather than making ad hoc funding decisions.
The trust would make $150,000 available in the first round of funding. Rafalese said there is no fixed limit on the number of projects that may…
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