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Trust to facilitate sales of deed-restricted properties rather than acquire them
Summary
After consulting MassHousing Partnership, the Revere City Affordable Housing Trust Fund Board discussed facilitating sales of deed-restricted properties instead of acquiring them, to reduce liability and speed transfers to eligible buyers.
The Revere City Affordable Housing Trust Fund Board discussed a recommended approach on June 11 to facilitate sales of deed-restricted properties rather than to acquire them directly.
Joe Gravalese said the board consulted MassHousing Partnership technical assistance and was advised the trust could serve as a facilitator in sales without taking…
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