PORTLAND, Maine – Avesta Housing, northern New England’s largest nonprofit affordable housing developer, has been awarded a $20,000 grant from the Bank of America Charitable Foundation to support its new Home Ownership Center.
Launched in June, Avesta’s Home Ownership Center helps families stabilize their housing costs and increase their economic self-sufficiency through homebuyer education, individual counseling and foreclosure prevention counseling. The center serves as a one-stop shop for low- and moderate-income families looking to buy their first home, improve the home they own or avoid foreclosure.
“This investment in our community will help us build stronger neighborhoods through access to home buyer education and financial literacy programs,” said Dana Totman, President of Avesta.
The grant Avesta received is part of a $22 million investment by Bank of America to build and rehab affordable housing, offer foreclosure prevention services and homeowner counseling, and provide other services intended to invigorate and rejuvenate neighborhoods. Nationally, the grants support more than 650 nonprofits in 34 states.
“In response to the many challenges facing our communities, we are focusing our philanthropic support on areas vital to advancing local economies,” said William Williamson, Bank of America Maine State President. “The bank’s $105,000 investment in Maine nonprofits that help individuals and families regain financial stability through housing and other community development initiatives is one way we’re working to stabilize and advance the state.”
Contact: Mindy Woerter
207-553-7780, ext. 212