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In the News

Avesta wants to raze one building, then raise another


The Portland nonprofit proposes replacing a modest single-family home with a complex of 18 units to help alleviate a 'crisis' in affordable rents.

Portland Press Herald
By Kevin Miller
April 22, 2014

A Portland nonprofit is seeking approval to demolish a small house on the border of the city's East End and Munjoy Hill neighborhoods to build a four-story apartment complex for low-income residents.

Avesta Housing's 18-unit proposal is part of a growing number of housing projects in a city with a notoriously tight rental market, especially for people at the lower end of the income spectrum. Greg Payne, development officer with Avesta, said the property at 134 Washington Ave. was selected because it is a large lot located on the peninsula close to services and shopping.

"It is directly in front of a bus stop, and that is important for folks to get around," Payne said. "And it has a lovely view of the cove."

Located on the boundary line between the East Bayside and East End neighborhoods, Washington Avenue is a mixed neighborhood of single-family homes, houses divided into apartments and businesses ranging from auto shops to photography and pottery studios.

Avesta purchased the single-family home in May 2013 and recently received approval for low-income housing tax credits from MaineHousing.

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