CONWAY — Avesta Housing’s River Turn II project is one of the recipients of a Federal Home Loan Bank of Boston (FHLBank Boston) Affordable Housing Program, which recently awarded a total of $52.5 million in grants, loans and interest-rate subsidies through to support 40 affordable housing initiatives in New England and beyond. These projects will
Federal Home Loan Bank of Boston has earmarked $23.5 million for the development or preservation of 456 units of rental housing in Maine, it said this week. The funding will go toward Augusta, Bath, Biddeford, Kennebunk, Kittery, Lewiston, Portland, Scarborough and South Portland. The grants and loans will be used to help pay construction, acquisition or
A new program offered by Avesta Housing’s HomeOwnership Center received a $50,000 donation from Bangor Savings Bank, designated to help people with moderate incomes purchase their first homes and achieve housing stability. Avesta’s program, A Path Forward: Homeownership for ME, aims to create a pathway to homeownership for Maine residents who have been priced out
The three-bedroom, one-bath condominium on Collyer Brook Road in Gray is a bit of a fixer-upper. The driveway is crumbling, with large chunks of pavement missing entirely. The front steps are rotted, the privacy fence in the backyard is toppled and until a few weeks ago, there was mold and water damage in the basement.
Tackling the affordable housing shortage requires a myriad of creative solutions. Building new affordable homes is essential, but multi-family developments can take years to complete. Meanwhile, thousands of houses in Maine sit vacant due to abandonment, foreclosure, or other reasons. A new program administered by the Avesta Housing Homeownership + Financial Counseling department is an
U.S. Sen. Angus King (I-Maine) with Avesta Housing senior leadership staff at Porter Station in Portland, Maine, on Nov. 1. L-R: President & CEO Rebecca Hatfield, Resident Services Manager Nick Kjeldgaard, Sen. Angus King, Director of Real Estate Development Patrick Hess, HomeOwnership Center Director Nicole DiGeronimo, Senior Vice President of Finance & Administration Eric Boucher
Housing advocates in Maine said they’ll seek a dedicated, consistent stream of funding for new development initiatives next year, in the face of potential changes that could come with the new Trump administration. Developers have relied on variety of sources, including federal tax credits, to subsidize the building of income-restricted homes in Maine. State lawmakers
(L-R): Bangor Savings Bank Vice President & Community Relations Manager Gavin Robinson, Avesta Housing HomeOwnership Center Senior Financial Counselor Madisen Corcoran, Avesta Housing Vice President of Advancement Sara Olson, Avesta Housing Corporate & Major Gifts Officer Zoë Alexis Scott, Bangor Savings Bank Senior Vice President & Team Lead of Southern Maine Commercial Lending Diane Donaldson,
Avesta Housing, the largest nonprofit affordable housing provider in Northern New England, recently honored the exemplary service and dedication of its employees with its Core Values Awards. The awards are presented annually to four staff members who exemplify Avesta’s core values: Humanity: Care about people Stewardship: Manage resources responsibly, efficiently and sustainably Relationships: Seek meaningful
Avesta Housing, the largest nonprofit affordable housing developer in Northern New England, received a $25,000 gift from the Mascoma Bank Foundation for a new program administered by the Avesta HomeOwnership Center that helps moderate-income households achieve homeownership and housing stability. The program, called A Path Forward: Homeownership for ME, is designed to create a pathway
Avesta Housing improves lives and strengthens communities by promoting and providing quality affordable homes for people in need.
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