Avesta Housing, the largest nonprofit affordable housing provider in northern New England, has listed the first homes for sale under its A Path Forward—Homeownership for ME program.
The move introduces a new line of business for the organization, which has primarily focused on developing affordable rental housing.
Under the new program, the nonprofit is acquiring and rehabilitating properties that are in disrepair, then selling them at below-market prices to qualifying households. Philanthropic funding from Bangor Savings Bank and Mascoma Bank helped make the program possible.