Program Year 2026 CDBG Action Plan Substantial Amendment
At a glance
Revere proposes a substantial amendment to its program year 2026 (July 1, 2026 to June 30, 2027) Community Development Block Grant annual action plan. Of the $645,322 award, $50,000 would move out of economic development support for small businesses (from $105,000 to $55,000) and $50,000 out of public facilities (from $314,459.30 to $264,459.30) to fund $100,000 for a new housing assistance activity, the Affordable Home Ownership Buy-Down Program, a first-time homebuyer program for low and moderate income buyers run through the Affordable Housing Trust Fund. Loans would carry a deed restriction: price-restricted resale in years 1 to 10 and equity sharing in years 11 to 20. A 30-day comment period began September 26 and ends Tuesday, October 27, 2026 at 5 p.m. The city plans to submit the amendment to HUD on October 28, with approval expected in November 2026. The acting CDBG program grant manager ran the October 14 hearing; no one spoke for or against.
Based on auto-generated captions of the video; numbers may be misheard.
Sources
Log
- 2026-10-14 - Public Hearing - Annual Action Plan - Public hearing held with no public comment.