Kennebunk Savings Bank is taking the unusual step of donating a parcel of land it owns for a 70-unit affordable housing development. The 41-acre parcel at 7 Alewive Park Road in Kennebunk would be divided into lots, one for two buildings that each would have 35 units and a second lot that would remain open
Evernorth, a nonprofit based in Portland, ME and Burlington, VT, has raised $54.05 million in equity from 14 investors. The funds will be used to invest in 10 developments, five of which will be in Maine. The five Maine projects will create 188 affordable housing units combined. Click here to read the full article
Avesta Housing, the largest nonprofit affordable housing provider in northern New England, has named the recipients of its 2023 educational scholarships. The $1,000 scholarships are awarded annually to Avesta Housing residents who are enrolling in a post-secondary education program — such as college, graduate school, trade school or certificate program — in the next 12
Standing in Monument Square among a soggy but enthusiastic crowd that was ready to march in the Pride Portland parade Saturday, Michael Patterson wore a rainbow tutu, rainbow socks and a big smile under his umbrella. Patterson took in the turnout. Despite a constant rain, there were thousands of people who attended, comparable to last
Avesta Housing President & CEO Rebecca Hatfield recently served as a panelist on “Transition to the Post-Pandemic Economy,” an event hosted by The Federal Reserve Bank of Boston that provided a forum for New Englanders to voice their top economic priorities and concerns to the Federal Reserve Board of Governors and regional Fed officials. One
Avesta Housing was recently awarded a $175,000 Housing for Everyone grant from the TD Charitable Foundation, the charitable giving arm of TD Bank, America’s Most Convenient Bank®. Avesta Housing is one of 37 non-profit organizations selected from more than 450 applicants to receive a Housing for Everyone grant as part of the TD Charitable Foundation’s
Gauvreau Place in Lewiston, Maine, has been awarded the Notable Project Award for 2022 by the Maine Real Estate & Development Association (MEREDA). Construction Services Project Manager Steve Estes accepted the award on behalf of Avesta on May 25 at MEREDA’S annual conference. Avesta partnered with Community Concepts Inc. to make Gauvreau Place a reality,
Two years ago, Shelley Williams was living at the Comfort Inn in Scarborough, which operated as a temporary homeless shelter during the pandemic. After being on a waiting list for more than a year, Williams now has an apartment at Avesta Housing’s Wessex Woods in Portland. She is a success story, said Lauren Dembski-Martin, social services navigator
Dawn Wade knows her place is cluttered, with knickknacks, plants, food containers and artwork covering almost every square inch of her studio apartment in Portland. But it’s hers, something that seemed far out of reach when she was homeless six years ago. “This is home to me. It’s a community here. I don’t know where
John Welch was homeless for nine months before moving into Hillside at Village Square, a 27-unit subsidized apartment building in Gorham that Avesta Housing opened in January. It was a rough period. A breakup left the disabled former construction worker struggling to find an apartment in a tight housing market made worse by the COVID-19
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