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Month: December 2019

Avesta project to loosen up housing crunch

CONWAY — When it comes to the valley’s lack of affordable workforce and senior housing, it looks like help is on the way. Avesta Housing, a non-profit with 45-plus years of experience in southern Maine and New Hampshire, made a dramatic announcement on Nov. 21 at the Mt. Washington Valley Economic Council’s annual meeting at

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Avesta aims to expand affordable housing project in South Portland

SOUTH PORTLAND — Avesta Housing is just about to start building the 64-unit West End Apartments I on Westbrook Street and it’s already lining up funding to add 52 units right next door. West End Apartments II has been awarded $800,000 in low-income federal housing tax credits, an allocation with an equity value of $7 million toward

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State Housing Authority Awarded Nearly $4M In Tax Credits To Go Toward Affordable Housing Projects

The Maine State Housing Authority has awarded nearly $4 million in federal tax credits to affordable housing projects in the state. The agency announced Monday that the credits have gone to five projects in Portland, Waterville and Bangor. MaineHousing Director Dan Brennan says the credits, in addition to another $3 million in state subsidies, should help developers

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MaineHousing gives 5 affordable housing projects a $6.8 million boost

Five affordable housing projects are getting a financial boost from tax credits and other subsidies that will allow them to seek more private financing. State affordable housing authority MaineHousing announced Monday that it has awarded $6.8 million in financial incentives to five projects in Portland, South Portland, Waterville and Bangor. The tax credits and other

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