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Revere trust outlines 2026 priorities: buy-downs, ADU loans, senior repairs and fundraising
Summary
Board members discussed 2026 goals including buy-down/deed-restriction models, expanding or repeating the senior repairs program, launching an ADU loan application by February, fundraising outreach to private sponsors, and the status of affordable condo resales.
At its December meeting, the Revere Affordable Housing Trust Fund board reviewed a year of activity and mapped out program priorities for 2026, including exploring buy-down or deed-restriction models, expanding repairs assistance, launching an ADU loan program, and continuing fundraising outreach to private and nonprofit partners.
Chair Joe Ravallesi opened the discussion with a year-in-review: the trust helped complete an affordable condominium project, supported three first-time homebuyers through down-payment assistance and ran a senior repairs program that supported 12 households. "We've had now, 3 first time homebuyers supported by the down payment…
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