News
Avesta Housing’s new CEO brings more than 20 years’ experience
Avesta Housing, an affordable housing provider based in Portland, has tapped the former head of a Rhode Island developer as its new president and CEO. Jennifer Hawkins will begin her new role July 14, the
Avesta Housing names Jennifer Hawkins as new President & CEO
Avesta Housing is pleased to announce the appointment of Jennifer Hawkins as the organization’s new President & Chief Executive Officer. Jennifer brings more than 20 years of visionary leadership and deep expertise in affordable housing,
Avesta wins MEREDA award for Firehouse Village
We are proud to announce that Firehouse Village in Scarborough has won a 2024 Notable Project Award from the Maine Real Estate & Development Association (MEREDA)! Firehouse Village is a 2.6-acre, mixed-use development that includes
How State and Local Initiatives Are Bridging the Affordable Housing Gap
Affordable housing presents a paradox. The National Low Income Housing Coalition estimates the nationwide shortage at 7.1 million affordable units, with the majority of states having 40 or fewer homes available per 100 extremely low-income renters.
Dozens of Maine homeowners face foreclosure after USDA acts on years-old loan defaults
MAINE, USA — As homeownership continues to stretch out of reach for many, dozens of existing homeowners in rural Maine are facing foreclosure, according to court documents. The recent series of foreclosure filings is related
Resident profile: Oscar & Ruth
Oscar & Ruth moved into their Avesta home in South Portland five years ago with their young daughter. Since then, they have flourished – Oscar, who has a bachelor’s degree in industrial engineering, works full-time
Maine housing advocates warn of coming ‘tsunami’ of USDA foreclosures on rural homes
Some of the hundreds of rural Mainers who bought their homes through a government loan program soon could be hit by what state housing advocates have called a “tsunami” of foreclosures, the origins of which
New Avesta programs provide homeownership opportunities for middle-income wage earners
The students in Nicole DiGeronimo’s first-time homebuyer classes are increasingly older with a little more money saved up. They still can’t buy a home in Maine. “These are people that probably never anticipated it would
Maine lawmakers still betting on accessory dwelling units to help end housing crisis
Three years ago, Maine lawmakers passed a landmark bill designed to increase home construction and ease the state’s worsening housing crisis. Now, almost one year after implementation, some worry the law hasn’t lived up to