Housing Trust OKs lottery for buy-down applicants

Housing Trust · Meeting of October 14, 2026

Revere's Affordable Housing Trust Fund Board approved a recorded lottery for first-week buy-down applicants. The board agreed by unanimous consent that applications open Nov. 4 at 8:15 a.m. and that those filed by 5 p.m. Nov. 12 enter an initial drawing.

Members also dropped three-family homes because HUD sets no affordable price for them, and approved $165 in custodial overtime for an Oct. 29 information session. A presenter said the subsidy could reach $200,000 and wanted it to be "incredibly above board." The fund held $988,158.20, with about $53,000 more expected from a tax title property sale.

In the full story:

• Opening and quorum
• Budget and finances
• Resale of the affordable unit at 291 Revere Street
• Buy-down program: information session and guideline changes
• The first-week lottery
• Other program updates
• The 40R proposal for the Coolidge Street Revere Housing Authority property
• Scheduling and adjournment
• Who Was There
• Organizations And Documents Referenced
• The complete report: 1,836 words

Source: the Housing Trust meeting of October 14, 2026, reported from the official video recording and transcript.

Checked against the record: before publication this article was automatically compared with the meeting transcript.