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Affordable Housing Trust Fund

Revere's Affordable Housing Trust Fund was established in July 2021 following a unanimous vote of the Revere City Council on July 12, 2021. See Council Order 21-172: An Ordinance Establishing an Affordable Housing Trust Fund. This page will be updated regularly as information becomes available.

Municipal Affordable Housing Trust Funds

Municipal affordable housing trusts allow municipalities to collect funds for affordable housing, segregate them out of the general municipal budget into a trust fund, and utilize these funds for local initiatives to create and preserve affordable housing.  

In Massachusetts, the passage of M.G.L. Chapter 44, Section 55c in 2005 enabled municipalities to begin more actively creating housing trust funds to support the advancement of local affordable housing goals. 

The establishment of a municipal affordable housing trust fund is also listed as a recommendation in Revere’s Next Stop Revere Master Plan, completed in early 2020. 

Click here to view full text of the ordinance (Chapter 2.90 Affordable Housing Trust Fund; Board).

Board of Trustees

Revere community members with a strong interest or expertise in affordable housing are invited to apply for or nominate an individual for Revere’s Affordable Housing Trust Fund Board. Please visit the Boards and Commissions page for more information and to complete an application. 

Boards and Commissions

Milestones

  • May 24, 2021: Public Hearing; Revere City Council votes to accept the Provisions of Section 55C of Chapter 44 of Massachusetts General Laws [21-171] 

Related Documents

News and Events Archive

Frequently Asked Questions

Contact Information
281 Broadway
Revere, MA 02151
Techrosette Leng
Director of Planning and Development

(781) 286-8181
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