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King, Maine nonprofits balk at proposed changes to USDA home-loan program

U.S. Sens. Angus King, I-Maine, and John Curtis, R-Utah, are urging the Trump administration to alter recent changes to financing policies that make it more difficult for rural Americans to obtain housing loans. In a letter to U.S. Department of Agriculture secretary Brooke Rollins, the senators asked that updates limiting additional access to the Rural

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Avesta appoints new members to Board of Directors

Avesta Housing has appointed four new members to its Board of Directors, effective April 1: Atiim Boykin: Atim is a clinical Liaison for the Maine State Forensic Service in the Office of Behavioral Health/Department of Health and Human Services. He has a BA in Pan African studies from California State University, a BA in sociology

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Avesta Housing names new director of development

Avesta Housing has hired John Egan to be its new director of development. In his new position, John leads Avesta’s real estate development team in developing and preserving affordable rental housing in Maine and New Hampshire. He has nearly four decades of community development experience in Maine and Alaska as a developer, lender, investor and

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‘Buy America’ rule killing Maine affordable housing, developers say

Maine’s largest affordable housing developers are at a loss. Ten projects that would add more than 400 sorely-needed units to the state’s low-income housing stock are fully permitted and ready to go. But none can break ground because of a new federal rule designed to boost American manufacturing. The Build America Buy America Act, signed by

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Building Business: Innovative condo project slated for Freeport

The Domus development team plans to break ground this spring on a mixed-income condominium complex in downtown Freeport, which is designed to be a near-copy of what the company is currently building in Westbrook. The concept behind the projects is that the design can be replicated in multiple locations, reducing project timelines and costs. The

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Avesta opens first new affordable homes in Farmington in decades

FARMINGTON, Maine — Avesta Housing, the largest nonprofit affordable housing provider in northern New England, hosted a ribbon-cutting ceremony on Feb. 25 for Edgewater Village, a new affordable housing community for individuals who are 55 and older. Located at 126 Willow Springs Drive, Edgewater Village is the first affordable housing development in Farmington in at

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Avesta opens Edgewater Village senior housing in Farmington

FARMINGTON — A new $9.5 million housing community for residents ages 55 and older officially opened this week, addressing a growing demand for affordable living in rural Maine. Avesta Housing held a ribbon-cutting ceremony Wednesday, Feb. 25, to mark the opening of Edgewater Village at 126 Willow Springs Drive, off Routes 4/27. It’s Avesta’s first development in Farmington.

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