The Affordable Housing Trust Fund meeting held on May 14, 2025, in Revere, Massachusetts, focused on the redevelopment of 110 Ocean, a site currently owned by North Suffolk Community Services. This nonprofit organization serves eight residents in a group living environment and is exploring ways to maximize its impact as the building nears the end of its useful life.

The proposed redevelopment aims to create a sustainable and resilient housing solution in a prime location near the Garfield Middle School and the Shirley Avenue Cultural District. The new design will feature a seven-story building that meets passive house standards, ensuring energy efficiency with all-electric systems. The project will include 56 total units, with a significant portion dedicated to deeply affordable housing—half of which will be reserved for individuals earning 30% of the area median income (AMI) and the other half for those at 50% AMI. This approach addresses the pressing need for affordable housing in Revere, where median incomes have not kept pace with rising housing costs.

The redevelopment will also enhance services for residents. The second floor will house a group living environment for eight individuals, alongside a 5,000 square foot office for North Suffolk's Adult Clinical and Community Services Team. This consolidation is expected to improve service delivery for those living in community-based settings.

During the meeting, the developers highlighted a funding gap of approximately $2.5 million needed to complete the project. They are seeking $250,000 from the Revere Housing Trust, which would represent about 10% of the gap. Additional funding sources include a decarbonization grant from the Department of Energy Resources and HOME ARP funds, which have already received a positive vote from the North Suburban Home Consortium.

The timeline for the project indicates a potential construction start in late summer or early fall of 2025, contingent on securing the necessary funding. The discussions at this meeting underscore the city's commitment to addressing affordable housing shortages and enhancing community services, reflecting a broader trend of prioritizing sustainable and inclusive development in urban areas.