Portland, MAINE, March 15, 2013 — A proposed multi-family housing development in Portland’s Bayside neighborhood has been selected as one of four finalists in a national competition aimed at finding innovative ways to lower the cost of housing.
Bayside Anchor is a collaboration among several well-known firms in construction and housing development, including Portland Housing Authority, Avesta Housing, Wright-Ryan Construction, Kaplan Thompson Architects, John Anton Consulting and the Maine Affordable Housing Coalition.
In the “Lowering the Cost of Housing Competition,” Deutsche Bank and Enterprise Community Partners Inc. sought proposals presenting new methods for designing, building and financing affordable housing to individuals or families below 100 percent of area median income.
The Bayside Anchor proposal includes a design/build approach to reduce professional fees and shorten construction times; an expanded use of prefabrication to lower construction costs and use labor more efficiently; and an ultra-low-energy building design following the Passivhaus model. Bayside Anchor would be built on a site owned by Portland Housing Authority as part of its existing Bayside East public housing development.
Avesta Housing is the development consultant for the project. “We’re excited to be part of a team proposing responsible cost-containment strategies and innovative ideas to address the important issue of the cost of developing affordable housing in Maine,” said Director of Programs Debora Keller. “This project would also be another piece in the ongoing revitalization of the Bayside neighborhood.”
Deutsche Bank and Enterprise will award up to $250,000 in program related investment to one of the four finalists. An additional $50,000 in grant funds will be awarded to proposals that evidence new thinking in the area of lowering costs and that are capable of demonstrating progress toward this goal or that have potential to further the best research in addressing housing costs. The winning project will be announced in June 2013. Full competition information is available at www.loweringcost.com.