Affordable Housing Finance
By Bendix Anderson
Thirty new affordable apartments for seniors opened in an old schoolhouse in Kennebunk, Maine, this past Labor Day.
“A lot of these people had ties to Kennebunk,” says Matt Peters, development officer for Avesta Housing. “Many had moved away but hadn’t been able to move back.”
Kennebunk, a rural town of 10,000, neighbors Kennebunkport—the coastal town that has been made famous by being the summer home to the Bush family. Property values are high, and affordable housing is hard to find.
The rehabilitation of the Park Street School created a dozen new affordable apartments in an old, brick schoolhouse a short walk from downtown.
The builders left in place historic details like chalkboards, slate floors, and glass-paneled classroom doors.