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Avesta Receives Financing for Oak Street Project in Portland


Avesta Housing has been awarded low income housing tax credits from MaineHousing.

 

Avesta Housing has been awarded low income housing tax credits from MaineHousing to finance the development of 37 apartments on Oak Street in downtown Portland. This commitment follows last year's award of $380,000 from the City of Portland to construct sorely needed efficiency apartments. The site is currently used as a surface parking lot.

The new building will achieve LEED Silver Certification from the U.S. Green Building Council and will also be built to comprehensive green standards established by MaineHousing.

The project architect is Ben Walter of CWS Architects. A construction manager is expected to be selected in early January.

Questions or comments related to the Oak Street project should be directed to Greg Payne, Development Officer, at 207-553-7780 x211 or .

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 207-553-7780 x3352 or by email.