Historic Maine Farmhouse to be Adapted into Affordable Housing

Boston Capital is investing in the construction of Southgate House, a 38-unit apartment community for families in Scarborough, Maine.The development by nonprofit Avesta Housing will include the rehabilitation and adaptive reuse of a two-story historic farmhouse that dates back to 1805 into eight one-bedroom units. Renovations will include new stairs, doors, windows, roofs, and new electrical and plumbing systems.Avesta Housing will also construct 30 units in a new four-story building. The building will include four studio, eight one-bedroom, 10 two-bedroom, and eight three-bedroom units. The new building will feature a community room, an office, and laundry space.

Affordable Housing Finance