PORTLAND, United States (CHRISTIAN SCIENCE MONITOR) – Rubbing their hands and breathing dragon smoke into the cold air, residents rush inside the bright green building. The temperature outside has barely hit double digits Fahrenheit, so the warm lobby inside Bayside Anchor, a low-income apartment building in Portland, Maine (United States), is a happy reprieve. The lobby

Dana Totman, president and CEO of Avesta, presents the 14th annual Mike Yandell Award to Pat Weigel, president and CEO of Norway Savings Bank. The award, which is named for the late Avesta Housing board chairman and banking industry leader, recognizes an individual or organization for their service and dedication to the affordable housing industry.

Norway, ME — Norway Savings Bank has received Avesta Housing’s 14th annual Mike Yandell Award.  The Award, which is named for the late Avesta Housing board chair and banking industry leader, recognizes an individual or organization for their service and dedication to the affordable housing industry. Dana Totman, Avesta President and CEO, presented the award to

PARIS — Bonnie Ripley spent a combined 30 years at Mildred M. Fox School as a student and later an educational technician. She was among those on the grounds of the former school to attend the formal opening Tuesday of Avesta Housing’s new 12-unit senior housing complex. Ripley walked through the building on East Main

More than 100 people spilled out of the tent set up at Tuesday’s ribbon-cutting for Avesta Housing’s latest completed project — the 12-unit restoration of Mildred Fox School in South Paris. While the project may seem small by some standards, it will make a huge difference in the town of 2,230 and its surrounding area, both

FRYEBURG, Maine — Representatives from Portland, Maine-based Avesta Housing elaborated on their plans for the former C.A. Snow School property at last Thursday’s selectmen’s meeting, which may or may not preserve the school building depending on its historical significance. and Development Officer Catherine Elliott of Avesta of Portland, Maine, also answered a litany of questions

A proposed tax credit aimed at bringing more affordable housing to Maine is headed for a vote in the House and Senate after last week’s endorsement by the Taxation Committee. L.D. 1645, “An Act to Create Affordable Workforce and Senior Housing and Preserve Affordable Rural Housing,” is sponsored by state Rep. Ryan Fecteau, D-Biddeford, who

PORTLAND — Business leaders and affordable housing agencies say a piece of legislation modeled after 16 other states’ affordable housing tax credits is the state’s best shot to jump start building more affordable living space for workers, seniors and rural residents. “What’s being proposed is really the best of those 16 states’ (policies),” CEO of

Advocates of a proposed tax credit aimed at bringing more affordable housing to Maine made their case this week at a public hearing in Augusta. L.D. 1645, “An Act to Create Affordable Workforce and Senior Housing and Preserve Affordable Rural Housing,” is sponsored by state Rep. Ryan Fecteau, D-Biddeford, and had its first public hearing this

Affordable housing advocates are backing a measure in the State House to give up to $80 million in tax incentives to double the number of low-income housing units built in Maine over the next four years. The bill would give developers access to refundable tax credits to finance the construction of  low-income housing. The bill,