Avesta draws upon years of reciprocal relationships with the financial industry, funders, community leaders, and housing advocates in order to develop, acquire, and preserve hundreds of affordable units each year.
Our skilled development staff contributes extensive management, legal, financial, community planning, and construction experience. Avesta adheres to smart growth principles, sustainability guidelines, and design standards informed by Avesta’s development and property management experience.
In addition to developing new properties, we also invest in Maine and New Hampshire’s large stock of older, affordable, multi-family housing, including developments regulated by USDA Rural Development, HUD, MaineHousing, and New Hampshire Housing Finance Authority. Using a full spectrum of available financial resources, Avesta recognizes the opportunity to acquire and recapitalize these properties rather than see them lost from the pool of affordable housing.
Of paramount importance to Avesta is the recognition of affordable housing as a valuable community asset.