As the conflict in the Middle East enters its second month, rising gasoline and diesel prices are widely expected to add to construction costs in Maine and nationwide. While some construction companies are already feeling the pinch of higher fuel costs, others are weighing their next moves. At Avesta Housing, a Portland-based nonprofit developer of
Conversions of historic homes in Bethel and Lewiston into residential developments, along with the preservation of a century-old former lifesaving station in Kittery, were recognized by Maine Preservation. The Yarmouth-based nonprofit recognized nine rehabilitation projects — and one preservation advocate — at an awards ceremony in Portland. The event was held at Good Theater at
Avesta Housing, the Portland-based nonprofit, has appointed four new members to its board of directors. By May, once the changes are complete, the nonprofit will have 16 board members. Click here to read the full article
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
Avesta Housing is proud to announce the appointment of four new members to its Board of Directors. “These four new directors bring a broad range of experience and perspectives that will strengthen our board and help guide Avesta’s work in the years ahead,” said Board Chair Dr. Renee Fay-LeBlanc. “We’re thrilled to welcome them and
Portland-based nonprofit Avesta Housing has hired John Egan as its director of development, replacing Patrick Hess, who has been promoted to vice president of real estate. Egan will lead Avesta’s real estate development team in creating and preserving affordable rental housing in Maine and New Hampshire. He comes to the position with nearly four decades
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
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
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
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
