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Trust board discusses draft ADU forgivable‑loan program to spur accessory dwelling construction
Summary
The Revere Affordable Housing Trust Fund Board reviewed a draft program to offer forgivable loans to encourage accessory dwelling units (ADUs). Board members asked staff to refine the draft and return for approval at a later meeting.
Board members discussed a draft accessory dwelling unit (ADU) loan program at the July 2025 meeting that would provide forgivable loans to help homeowners construct ADUs and create rental inventory. The proposal in the draft materials presented to the board describes fully forgivable loans to support ADU construction; the draft text referenced an amount shown in the document…
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