News

Gorham Savings Bank pledges $200,000 to Avesta Housing

PORTLAND, Maine — Gorham Savings Bank has pledged $200,000 to Avesta Housing, the largest nonprofit affordable housing provider in northern New England, to aid in the development of energy-efficient affordable homes and support services for people in need.

The multi-year gift will address two key components of Avesta’s work:

  • Improving access to support services to help residents meet their immediate needs and achieve long-term success. Avesta partners with more than 100 organizations to help its residents access essential resources and services, such as food, health care, transportation, education, jobs, and more.
  • Incorporating sustainable building design elements into new affordable developments, with a focus on solar energy, which both reduces Avesta’s carbon footprint and decreases housing costs for residents.

Avesta Housing delivered almost 200 new affordable homes in 2023 to people in need in Maine and New Hampshire. It estimates that Gorham Savings Bank’s gift will directly assist 200 to 400 individuals over the next few years.

Click here to read the full press release