Page 6 THE REVERE ADVOCATE – FRIDAY, JUNE 27, 2025 Eligibility Expanded for Revere’s First-Time Homebuyer Downpayment Assistance Program $10,000 available to residents making up to 100% of area median income R EVERE, MA — The City of Revere and the Aff ordable Housing Trust Fund Board If We Happen To Meet By Accident ... You’ll Be Glad You Found Us! BEST! Celebrating 46 Years In Business! TONY’S AUTO BODY Call or Visit 781-321-0032 34 Sharon Street Malden, MA 02148 TONYSAUTOBODYLLC.COM COME VISIT OUR STATE OF THE ART BODY SHOP • Computerized Paint Matching (State of the Art Spray Booth) • Computerized Frame Machines • R134 + 1234yf A/C Machines Fully Insured -RS2415 Insurance Company Approval ALL OUR WORK IS GUARANTEED! TONY BARTOLO Owner 46 Years Let Us Handle Your Next Insurance Claim. Go With the BEST It Doesn’t Get BETTER! RENTAL CARS Available have announced that with funds still available for its $10,000 fi rst-time homebuyer downpayment assistance program, eligibility has been expanded to include Revere residents making up to 100% of area median income (AMI). The application is available via the City of Revere’s website, at www.bit.ly/RevereDownPayment. “We’re happy to offer this program to residents looking to remain in Revere, to plant their roots, and to invest in our City’s future,” commented Mayor Patrick M. Keefe Jr. He continued, “This program opens the door for upward mobility through homeownership.” Funding is available for eligible City of Revere residents seeking to purchase their fi rst home in the City. Applicants must demonstrate 2+ years of existing Revere residency with the intention of purchasing a condo or single-family home, either at market rate or aff ordable rate, in Revere. A 2-3 family home may be purchased with a signed agreement with the city and state to rent all non-owner-occupied units below market rate, in accordance with EOHLC guidelines. This assistance is provided on a first-come, first-served basis while funds are available, with $10,000 in downpayment assistance awarded to those who qualify while funds last. To be considered, please submit a completed application on revere.org, along with supporting documentation. In addition to Revere residency, qualifi ed applicants must have an income level at or below 100% of Area Median Income (AMI), be pre-qualifi ed for a mortgage, and enroll in a fi rst-time homebuyer course. The income limit for the program is based on household size: 1 person — $115,800 2 people — $132,350 3 people — $148,900 4 people — $165,400 5 people — $178,650 Limits for households of 6+ can be found at www.mhp.net and are based on AMI in Suffolk County. Previously, the program was limited to residents at 80% of area median income, but eligibility was expanded as there are still several $10,000 grants remaining. Qualifi ed applicants will have six months upon verifi cation of eligibility to enter into a purchase and sale agreement to receive $10,000 in downpayment assistance from the City. For questions about the program, contact Joe Gravellese, chair of the Aff ordable Housing Trust Fund board, at jgravellese@revere.org; or call the City of Revere Department of Planning and Community Development at 781-286-8181. For Advertising with Results, call The Advocate Newspapers at 781-286-8500 or Info@advocatenews.net or Info@advocatenews.net
7 Publizr Home