THE REVERE ADVOCATE – FRIDAY, JULY 24, 2026 Page 11 Festival goers stop to take photographs of second place winner: Marie-Line Gagné of Canada for “Overprotection”. Bouke Atem from the Netherlands, “Birds Eye View Of Your City”. Swasti Gupta, age 3, admires fi rst place winner Jobi Bouchard’s entry, “Odyssey”. Revere Housing Trust Launches Buy Down Program for Homebuyers By Barbara Taormina T he Affordable Housing Trust Fund Board is gearing up for their next big program to make homeownership possible for low-to-moderateincome buyers. The board’s Buy Down program is a pilot homeownership assistance initiative that will help eligible households close the gap between market prices and what is considered aff ordable in exchange for deed restrictions and profi t sharing with the trust. The Buy Down program reduces the diff erence between the sales price of a home and an aff ordable price for low-to-moderate-income buyers. It differs from the down payment assistance program, which is a fl at $10,000 grant. The board has acknowledged that the $10,000 down payment has not kept pace with local home sales prices. The Buy Down program is unique because it will lower the purchase price and create genuine aff ordability. The board is aiming to create deed-restricted, owneroccupied homes while supporting Revere families who are priced out of the current market. Homes purchased through the Buy Down program will carry a deed restricPROGRAM | SEE Page 18
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