THE REVERE ADVOCATE – FRIDAY, NOVEMBER 6, 2026 Page 19 DEVELOPMENT | FROM Page 4 up to 80% and 120% of Area Median Income with more than half off ering two or more bedrooms. “This investment is transformative for Malden and the entire region,” said Gary Christenson, Mayor of Malden. “The Commonwealth’s commitment to this project demonstrates the importance of pairing housing production with infrastructure investments. These funds will allow us to move forward with longneeded roadway and safety improvements while creating hundreds of new homes, including aff ordable and workforce housing opportunities for residents. We are grateful to the Healey-Driscoll Administration for delivering on behalf of residents of Malden.” The Commonwealth’s investment is seen as the key to the fi nancial feasibility of the development of 617 units of housing across four development parcels, including: • 51 workforce condominiums, available to households earning between 80 and 120% of Area Median Income — the fi rst homeownership opportunity in Overlook Ridge’s 20-year history; • 99 mixed-income apartment homes for adults ages 55 and older; • 157 mixed-income apartments designed for families; and, • 310 mixed-income rental units “These grants represent a signifi cant step towards the redevelopment of these parcels at Overlook Ridge,” said WinnDevelopment President, Adam Stein. “We are grateful for the eff orts of the city of Malden and the Commonwealth’s support of this project so we can deliver much-needed rental and for sale housing for households of all ages and incomes.” Overlook Ridge is a largescale, master-planned development spanning the cities of Malden and Revere, built on the site of a former rock quarry that has been transformed into a nearly 1,977unit residential community over two decades. Every unit constructed to date is market-rate rental. This next phase of construction will introduce much needed aff ordable housing into the development, an opportunity for families and seniors to live in highquality homes close to downtown Boston and proximate to key transportation links. The phase is being carried out as a joint eff ort between WinnDevelopment and AC Residential LLC, to complete the original vision for the master-planned community to construct affordable apartment homes and condominiums. The investment is also expected to generate approximately 1,400 construction jobs, 140 permanent jobs, and an estimated $2.2 million in annual local tax revenue at full buildout. The project is located within an Environmental Justice area and will expand access to housing opportunities while enhancing transportation safety and accessibility for residents, pedestrians, cyclists, seniors, and people with disabilities. Administered by the Massachusetts Executive Offi ce of Housing and Livable Communities (EOHLC), the program awards competitive grant to municipalities for a variety of infrastructure projects associated with housing development. Funds are awarded based on the project’s nexus with housing, transportation, infrastructure, and community development needs. About WinnDevelopment As the development arm of Boston-based WinnCompanies, WinnDevelopment creates and revitalizes high-impact mixed-income apartment properties through award-winning new construction, renovation and adaptive reuse techniques. The company prioritizes true mixed-income communities for households of all incomes. WinnDevelopment’s track record of success has earned it a reputation as a trusted, stable community development partner among local planners, public sector agencies and private sector financiers. The company off ers integrated asset management services, pioneering environmentally sustainable design and leading property operations expertise. Learn more at WinnDevelopment.com ANNOUNCE | FROM Page 5 “Health and wellness are integral parts of building a vibrant, connected community, and we want to help make those opportunities more accessible to local residents. Through this scholarship program, we’re proud to partner with The Point to remove barriers to participation and give Revere residents the opportunity to experience the benefi ts of regular movement and a supportive community.” Applications for the 2027 Community Wellness Scholarship Program will open on November 1, 2026, and close on November 30, 2026. Applicants must be 18 years or older and able to attend classes at The Point’s Revere or East Boston studios. Current members and new participants are welcome to apply, and we will select recipients based on their individual circumstances, interest in participating, and the potential impact of a consistent wellness practice. The two scholarship recipients will be notifi ed in December, and memberships will begin January 1, 2027. For more information about the Community Wellness Scholarship Program and to apply please visit: The Point 2027 Wellness Scholarship: Revere [https://docs.google.com/ forms/d/e/1FAIpQLSfnN5lZ32cS1tgNaPPPJ3vF9c68Ns_CRt4QzMGZBfbY2-lw/ viewform], or go to @thepointbarreandyoga and @suffolkdowns on Instagram. Santa’s Workshop Artists & Crafters Wanted 630 Salem Street Knitting & Crafts Club Annual Holiday Craft Fair November 14, 2026-9:00AM to 3:00PM Vendors and Crafters-Call for a Table Contact Grace: 781-605-3536 $25.00 Per Table Baked Goods For Sale First Come First Serve! All Are Welcome! 630 Salem Street Community Room Enter on Columbia Street Door Law Offices of JOSEPH D. CATALDO, P.C. “ATTORNEYS AND COUNSELORS AT LAW” ESTATE/MEDICAID PLANNING WILLS/TRUSTS/ESTATES INCOME TAX PREPARATION WEALTH MANAGEMENT RETIREMENT PLANNING ELDER LAW 369 Broadway Everett, MA 02149 (617)381-9600 JOSEPH D. CATALDO, CPA, CFP, MST, ESQUIRE. AICPA Personal Financial Specialist Designee
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