Citizen Portal
Sign In

Revere Affordable Housing Trust Board approves minutes, treasurer reports $889,182.13 balance

City of Revere Affordable Housing Trust Fund Board · January 15, 2026

Get AI-powered insights, summaries, and transcripts

Subscribe
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

At its January 2026 meeting the City of Revere Affordable Housing Trust Fund Board approved December minutes and heard a treasurer report showing a trust balance of $889,182.13, with roughly $167,000 encumbered for two upcoming developer payments.

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.