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Press Releases

Press Releases

Avesta Housing Reports Housing Needs Up in 2016


Avesta Housing has released new data describing the demand for and availability of its apartments over the past three years.
For Immediate Release
February 1, 2017
Contact: Sara Olson, Development and Communications Manager 
cell: 207-317-3914 
email: solson@avestahousing.org

 

Avesta Housing Reports Housing Needs Up in 2016

Portland, MAINE — Avesta Housing has released new data describing the demand for and availability of its apartments over the past three years. The data outlines the number of households seeking affordable housing with Avesta in 2014, 2015, and 2016, as well as the number of households Avesta was able to move in to an apartment in those years.

Key findings:

  • The number of requests for affordable housing rose 15% between 2014 and 2016.
  • The number of households moving into an Avesta apartment annually remains essentially unchanged between 2014 and 2016.

 

The number of households moving in to Avesta apartments annually remains essentially unchanged. The current financing available for new affordable developments only allows for a small number of additional units each year. Despite the clear need for more affordable housing in the area, Avesta developed only 214 new apartments between 2014 and 2016.

Dana Totman, Avesta Housing President & CEO, explains, “The fact that the requests we receive for affordable housing increase each year but our move-in numbers are flat is especially concerning as we anticipate budget cuts on the Federal level. Bond resources at the State level have always been and will continue to be the difference between failing or succeeding to increase the supply of safe, quality, and affordable housing for Mainers in need. We have nearly 3,000 people sitting on our housing wait list. Very few will get the housing they need without increasing the affordable housing stock.”

Avesta tracks data in order to understand better the region’s housing needs and the best ways to address them.

 

About Avesta Housing

Avesta Housing is a nonprofit affordable-housing provider with over 40 years of experience as a leader in affordable-housing development and property management in southern Maine and New Hampshire. The organization is headquartered in Portland, Maine and currently has more than 80 properties and 2,000 apartments in its portfolio. Avesta’s mission is to improve lives and strengthen communities by promoting and providing quality affordable homes for people in need. Its five areas of focus are advocacy, development, property management, assisted living, and home ownership. www.AvestaHousing.org

Looking for more?

Check out Avesta's blog, The Porch Light, for more news, updates and stories.

Contact Development and Communications Manager Sara Olson at 207-245-3352 or by email.