2026-10-14 - Public Hearing - Annual Action Plan

00:11Good evening and welcome to the CDBG

00:14substantial amendment public hearing for

00:16the city of Revere. Today is October

00:1814th. All hearings for this substantial

00:22amendment will begin to at 5:00 p.m.

00:25My name is Julie DeMauro and I am the

00:27acting CDBG program grant manager. This

00:31is a public hearing to inform residents

00:33about the city's substantial

00:36amendment request of its

00:38program year 2026

00:40annual action plan.

00:44Notice of this hearing was advertised in

00:46the Revere Advocate on

00:49September 25th, the Revere Journal on

00:52October 1st, was posted on the city's

00:55website, and was also published in the

00:58Department of Planning and Community

00:59Development monthly newsletter for

01:01October.

01:03In accordance with the city of Revere's

01:05citizen participation plan, all public

01:07hearings scheduled in facilities that

01:10are handicap accessible, located in a

01:13low to moderate-income neighborhood.

01:16The full substantial amendment can be

01:18reviewed at this link at

01:20www.revere.org/smallbusiness

01:27/cdbg.

01:32As changes are marked in red,

01:35you can

01:37As changes are marked in red font to

01:39indicate information from the original

01:41action plan that the substantial

01:43amendment updates, or blue font to

01:46reflect the new program and related

01:48information that the substantial

01:49amendment will enable.

01:52So, the program year for CDBG for the

01:55city's entitlement run from July 1st,

01:582026 to June 30th, 2027.

02:02The city was awarded

02:04$645,322

02:08for its program year 2026.

02:11The money was programmed for public

02:13facilities, economic development, public

02:17services, and planning and

02:18administration.

02:20The city is requesting a substantial

02:22amendment of its entitlement funds

02:26to reallocate funds from the economic

02:28development and public facility to

02:32fund a new activity, housing assistance.

02:34Next slide.

02:37So, the amended and added activities are

02:40listed on the chart on the screen.

02:42So, the GPCD

02:45awarded $105,000

02:48to economic development activities that

02:51support small businesses.

02:53The amendment would reduce this

02:55allocation from $105,000

02:58to $55,000.

03:00It will still

03:02meet the goals and outcomes that was

03:04highlighted in the annual action plan.

03:09The GPCD also

03:12allocated $314,459.30

03:18to

03:20public facilities, so that the

03:22infrastructure projects in low and

03:24moderate income.

03:26That allocation was reduced by 50,000.

03:30So, the final allocation for public

03:32facilities for the program year 2026

03:35will be $264,459.30.

03:41The new activity that was not funded,

03:44but could be funded after the amendment

03:47is approved, was

03:49the Revere Home Ownership Buy Down

03:52Program.

03:53So, at this time, there was no money

03:55allotted for this program. With the

03:58substantial amendment, the city will

04:00shift

04:01the reduction from economic development

04:04and public facilities, which equals

04:06100,000,

04:08to fund this new program.

04:14Next slide.

04:16The housing the new activity housing

04:18assistance is part of the Revere

04:22Affordable Trust Funds first-time home

04:25buyers down payment program. The program

04:29will assist low-to-moderate income

04:31first-time home buyers, and it helps

04:34bridge the gap between

04:36the down payment price

04:39and the price of the house.

04:42So loans are subject to affordable home

04:45ownership deed restriction. So any loans

04:48that are funded through these funds will

04:50need to be recorded with the Registry of

04:52Deeds.

04:54The phase one, years 1 through 10,

04:57will require a price-restricted resale,

05:00and phase two, years 11 through 20, will

05:03be equity sharing on the profit of the

05:05house that's sold.

05:09The program authority is authorized

05:12under the city of Revere's Affordable

05:14Housing Trust Fund,

05:16and the CDBG components are authorized

05:18under 24 CFR

05:21570

05:23.201

05:24direct home ownership assistance, and

05:27all applicants and all grants

05:31distributed under this rule must comply

05:34with all applicable HUD requirements.

05:37Next slide.

05:40So I'm outlining a timeline of the key

05:43dates and publications.

05:46So notice of a substantial amendment was

05:48advertised first in the Revere Advocate

05:51on Friday, 9/25/26.

05:55On Saturday, 9/26/26,

05:58the 30-day citizen comment period began.

06:04Within the public notice, residents or

06:07anyone looking to comment on this change

06:09could submit comments through email or

06:11through mail.

06:13Public notice number two was advertised

06:16Wednesday, October 1st, 2026 in the

06:19Revere Journal.

06:21Tonight, we are holding a public hearing

06:24for residents or public service people

06:27to voice their opinions, approvals, or

06:30disapprovals of this substantial

06:33amendment.

06:34The 30-day public comment period ends

06:37Tuesday, October 27, 2006 at 5:00 p.m.

06:44After the public period ends, the city

06:47of Revere will submit the substantial

06:49amendment along with any comments if

06:51received to HUD for approval on

06:5410/28/26.

06:56Approval of the substantial amendment is

06:59expected to

07:01occur in November 2026.

07:05Next slide.

07:07Any questions or comments about the

07:09substantial amendment should be emailed

07:11to me, Julie DeMauro, at

07:13[email protected].

07:16Or, they can be mailed to my attention,

07:20DPCD, Revere City Hall, 281 Broadway,

07:24Revere, Mass, 02151.

07:28Now, this concludes the public hearing.

07:31I will open it up to anyone in the

07:33council chambers that is a proponent of

07:36the substantial amendment request.

07:43Seeing that there is no one in

07:45attendance in this meeting tonight, I

07:46will now close that side of the hearing

07:49and I will open up the hearing to anyone

07:52who wishes to speak in opposition of

07:56this substantial amendment request.

08:01Seeing and hearing that there are none,

08:03I am going to close that side of the

08:06hearing.

08:08This hearing is now closed.

08:11Thank you for joining us.