Applications for the City of Revere First-Time Homebuyer Down payment Assistance Program are OPEN, and $10,000 in down payment assistance may be available to you, if:
– You have been a Revere resident for 2+ years;
– A first-time homebuyer with the intention of purchasing a condo or single-family home, either at market rate or affordable 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.
– Your income level is at or below 80% of Area Median Income (AMI), you are pre-qualified for a mortgage, and you enroll in a first-time homebuyer course.
To be considered, please submit a completed application at the following link, along with supporting documentation.
For questions about the program, contact Joe Gravellese, chair of the Affordable Housing Trust Fund board, at jgravellese@revere.org; or call the City of Revere Department of Planning and Community Development at 781-286-8181.
Qualified applicants will have six months upon verification of eligibility to enter into a purchase and sale agreement to receive $10,000 in down payment assistance from the City.