The city of Revere launched a new program to provide up to $6,000 in mortgage relief to homeowners who have suffered financially due to the COVID-19 pandemic.
“This pandemic has impacted our community in many ways, and our team has been focused on making maximum use of federal funding on behalf of our residents. After announcing rental assistance for Revere residents, I knew how important it was to find a way to help Revere so do the owners,” Mayor Brian Arrigo said. “I hope residents take full advantage of this resource and that it can provide some relief during a difficult time.”
The city said the program would be funded with federal CARES Act funds and in conjunction with the Chelsea Restoration Corporation.
To be eligible, the property must be in Revere and owner-occupied, owner must demonstrate financial need, owner’s income cannot exceed 80% of city average median income, and property must be current on tax payments and have no infractions outstanding.
Apps are available throughout the city.
(Copyright (c) 2022 State House News Service.