The City of Revere Affordable Housing Trust Fund Board approved its December minutes by voice vote and heard an update on the Trust’s finances at its January 2026 meeting.

Treasurer Nio reported a current Trust balance of $889,182.13 and said about $167,000 is encumbered for the next two payments to neighborhood developers. The treasurer also reported that $31,463.63 has been paid to the senior repairs program since November, and said the Trust received a detailed report from Asita Newton in the auditor’s office.

Chair Joe Grama opened the meeting and conducted roll call before moving through routine business. The minutes were approved after an unidentified member moved to adopt them and a second was recorded; the vote was taken by voice and no roll‑call tally was provided in the record.

The board directed staff to continue work on fundraising outreach and to report back on bids and upcoming application reviews. The meeting adjourned after a final voice vote.