Avesta has been awarded two 9% Low Income Housing Tax Credit (LIHTC) awards and four Federal Home Loan Bank of Boston Affordable Housing Program (AHP) awards. This represents almost $20 million in equity and subsidy funding that will help build much-needed affordable housing in Maine. The developments that received awards are: Village Commons in Scarborough
Somalia was on the verge of civil war when Deqa Dhalac fled the capital city of Mogadishu 31 years ago and began her journey to become the first Somali-American mayor in the United States. On December 6, 2021, she was formally seated as the top elected leader of Maine’s fourth largest city. Her latest accomplishment
Recommendations from the Commission to Increase Housing Opportunities in Maine by Studying Zoning and Land Use Restrictions include eliminating single-family zoning, allowing in-law apartments as a matter of right and removing municipal growth caps. Click here to read the full article
Avesta Housing has received a $75,000 grant from the Five Together Foundation to address the affordable housing crisis in the state. Established in 2005, the Five Together Foundation supports initiatives in youth leadership and development, services to families in need, and preservation of American democracy. The grant will provide Avesta with the means to cover
Avesta Housing has created a new staff role to safeguard housing stability for older adults living in our properties. This “senior support specialist” will provide one-on-one support to senior residents with mental health issues who are struggling with day-to-day tasks necessary for independent living. The program’s goal is to ensure residents receive the help they
Photo: The Kanakan family, left to right — Andom, Mitchell, Jonathan, and Jeannicaise Buying a house can be a stressful experience, especially when it’s your first home. Add a red-hot real estate market to the mix, and it may seem like an unobtainable dream. That’s how Jeannicaise and Andom Kanakan felt last spring when they
The past 19 months have not been easy for nonprofits in Maine. The COVID-19 pandemic, wage uncertainty, worker shortage, rising costs of goods and services, and more have forced many to rethink their fundraising strategies and day-to-day operations. Avesta Housing is no different. Read about how we have addressed these tumultuous times and what we
The Affordable Housing Tax Credit Coalition (AHTCC) announced Sept. 23 that Southgate in Scarborough, Maine, is a 2021 recipient of the Charles L. Edson Tax Credit Excellence Award in the Rural Area category, recognizing affordable housing developments and organizations that have demonstrated impactful use of the Low-Income Housing Tax Credit (Housing Credit). Presented annually, the
CONWAY, N.H. — A construction firm has been hired for the first of four affordable apartment buildings approved for the Avesta Housing Development Corp. site off Technology Lane. Patrick Hess, project manager at Avesta, a non-profit based in Portland, Maine, said Tuesday they hope to start construction this fall on the first 40-unit, three-story building.
Avesta Housing’s HomeOwnership Center (HOC) has been approved for a grant of more than $80,000 from NeighborWorks America, a congressionally chartered nonprofit organization that creates opportunities for people to live in affordable homes, improve their lives, and strengthen their communities. The grant will help HOC assist Maine renters and homeowners stay in their homes in the
Avesta Housing improves lives and strengthens communities by promoting and providing quality affordable homes for people in need.
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