Avesta Housing, the largest nonprofit affordable housing provider in northern New England, has listed the first homes for sale under its A Path Forward—Homeownership for ME program. The move introduces a new line of business for the organization, which has primarily focused on developing affordable rental housing. Under the new program, the nonprofit is acquiring
The nonprofit developer Avesta Housing is purchasing vacant homes in disrepair, renovating them and then selling them at below-market rates as part of a new pilot initiative. More than 80 people have applied so far to purchase one of the first two completed homes; Avesta celebrated the completion of the two homes at a ribbon-cutting
Portland-based nonprofit Avesta Housing cut the ribbon this week on the first two homes for sale through a new program designed to help median-income wage earners achieve homeownership. Located at 6A and 6B Collyer Brook Road in the Cumberland County town of Gray, the first available properties are single-story houses with a shared driveway. Each
PHOTO: Avesta Housing staff and guests cut the ribbon on July 15 to 6A & 6B Collyer Brook Road in Gray, Maine, the first two properties for sale under Avesta’s new “A Path Forward” program for moderate-income homebuyers. L-R: Diane Donaldson, senior vice president/commercial banking team lead, Bangor Savings Bank; Eric Boucher, senior vice president
People are living longer and while there are many benefits to longevity, the collision of multiple aging generations is taking a toll on an already burdened housing system. Housing crises are happening throughout the nation, with older populations being some of the hardest hit. The demand for 55-plus housing and assisted living facilities is increasing
The renovated homes are located on Collyer Brook Road and are going for roughly $218,000 each. Click here to watch the news report
The work we do is made possible by partnerships with companies that share our vision for safe, affordable homes for everyone. Franklin Savings Bank has donated $75,000 to help us build Edgewater Village, an affordable housing community for older adults in Farmington, Maine. Scheduled to open in spring 2026, Edgewater Village is Avesta’s first property
LEWISTON — It’s a hard sight to miss in the city these days: property lots on the cusp of a new beginning. At sites like the former Martel School, the former Sun Journal building on Pine Street, and the future home of Gendron Active Living Estates off Farwell Street, demolition or site preparation is either
More than half of Portland tenants are struggling to afford rent. According to a new report from Harvard University’s Joint Center for Housing Studies, almost 52% of renters in the Portland-South Portland area are “cost-burdened,” meaning they spend at least 30% of their income on housing. And more than 24% are “severely” cost-burdened, meaning that more than
An organization whose mission is to develop and sell “high-quality, energy-efficient homes tailored for middle-income earners” has set its eyes on the city because of the pro-housing sentiment of the community. Jack Soley was among the representatives of Domus that met Wednesday, June 18, with city officials at City Hall to discuss development possibilities. “I’m
