Affordable Housing Trust

The mission of the Affordable Housing Trust is to maximize access to affordable housing in Beverly for low- to moderate-income households. The Affordable Housing Trust is funded through contributions from developers under Section 300-108B(2), the inclusionary Zoning Ordinance and associated regulations, funds appropriated under the Community Preservation Act (CPA), MGL Chapter 44B and Chapter 267 of the Acts 2000 as amended, and other potential sources.

Meetings

• Varies
• City Hall - Planning and Development Department
  191 Cabot Street
  3rd Floor
  Beverly, MA 01915

Meeting Schedule

The Beverly Affordable Housing Trust meets as necessary to conduct their regular business and review applications and will generally meet at least 6 times per year. Meeting dates and times will be posted on the home page and City Meetings Calendar.

Agendas & Minutes

Agendas are available prior to meetings. Minutes are available following approval.

View Most Recent Agendas and Minutes | View Archived Agendas and Minutes

Members

Mission Statement

The mission of the Beverly Affordable Housing Trust is to maximize access to affordable housing in Beverly for low- to moderate-income households.

Notice

Please see the most current Notice of Funding Availability (2018) for the funding programs and allocations presently offered by the Affordable Housing Trust. At this time, the Trust does not have a program for First Time Homebuyers or Housing Rehab grants or loans. Call the Planning Department at 978-921-6000 with any questions. [February 2020]

About the Affordable Housing Trust

On January 5, 2017, Beverly’s City Council approved an Ordinance (Order 17-301) creating an Affordable Housing Trust Fund (BAHT) for the specific purpose of establishing a mechanism for the City to provide funding in support of the creation and preservation of affordable housing within the City of Beverly for the benefit of low- to moderate-income households. The BAHT will be funded through contributions from developers under Section 300-108B(2), the Inclusionary Zoning Ordinance and associated Regulations; funds appropriated under the Community Preservation Act (CPA), MGL Chapter 44B and Chapter 267 of the Acts 2000 as amended; and other potential sources.

Programs & Applications

The BAHT will accept applications for funding on a rolling, monthly basis.

• BAHT Application Package (PDF) (includes application form)
• BAHT Guidelines (PDF) (includes application form)

Funding Awarded

At its October 10, 2018 meeting, the BAHT reviewed and awarded funding for the following applications:

• Anchor Point BAHT Application August 30, 2018 (PDF)
• Cabot Housing BAHT Application August 30, 2018 (PDF)

Earlier in 2018, they awarded funds to the 2 Hardy Street project.

Initial Notice of Funding Availability (2018)

This Notice of Funding Availability (NOFA) is directed to organizations (non-profit and for-profit) and individuals that are interested in and capable of providing affordable housing and/or related services within the City of Beverly, Massachusetts. [Posted: December 15, 2017]

• BAHT NOFA Public Information Presentation (PDF) [January 11, 2018]
• BAHT NOFA Year 2018 (PDF)