Maine’s need for housing has been estimated to be 20,000 housing units. Multifamily housing is a key part of what’s needed. Not just affordable housing, but also workforce units and market-rate apartments for singles, the elderly and young families. Looking at the building permits issued, the number of units approved actually hit a 20-year peak
Avesta Housing and Preble Street applaud the signing today of the budget package by Maine Gov. Janet Mills and its inclusion of funding to support the creation of more site-based Housing First programs across Maine. This funding will support the creation of 12 to 15 Site-based Housing First programs in communities across Maine and will
PORTLAND, Maine — The budget Gov. Janet Mills signed into law Tuesday includes funding for a Housing First program to help people struggling with chronic homelessness in Maine. Avesta Housing and Preble Street partnered on the first three site-based Housing First programs in Maine: Logan Place, Florence House, and Huston Commons, providing 85 total units in Portland. Avesta
After Kennebunk Savings Bank bought an industrial building on Alewive Park Road and transformed it into its operations center, most of the surrounding land sat unused. It quickly became clear that the land in Kennebunk could be put to better use by partnering with Avesta Housing to create much-needed affordable housing, said Brad Paige, the
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
Avesta Housing improves lives and strengthens communities by promoting and providing quality affordable homes for people in need.
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