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$12.3 million awarded to four affordable housing projects in New Hampshire

The Federal Home Loan Bank of Boston has awarded more than $12.3 million in grants, loans, and interest-rate subsidies to support four affordable housing initiatives in New Hampshire. The projects, funded in part through FHLBank Boston’s Affordable Housing Program, will create or preserve 128 rental and homeownership units for individuals and families earning up to

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Affordable Housing Inspires New Possibilities in Wood Construction

 Maine-based nonprofit developer Avesta Housing has been building affordable multi-family homes for almost 50 years. With 100 properties, 2,700 apartments and two assisted-living facilities under their belt, more than 3,000 households remain on their waiting list for affordable housing. In partnership with architect CWS Architects and general contractor Zachau Construction, Avesta is nearing completion on it’s latest project: Wessex

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Nonprofit Profile: Avesta Housing

2021 Goals Avesta Housing believes that everyone deserves a place to call home. Our goals for the next year include: Goal 1: Provide infrastructure and services that allow seniors to age in place gracefully. Goal 2: Increase and improve affordable housing options for low-income residents, including families, seniors, and formerly homeless individuals. Goal 3: Create financial stability for homeowners

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Avesta’s new maintenance facility centralized and efficient

It took a while for Avesta Housing Development Corp. to find the right property to establish a centralized maintenance facility. But a 12,000-square-foot industrial building at 2257 West Broadway in South Portland is expected to fill the bill, once some renovations are completed. Avesta Housing, a nonprofit provider of affordable housing in southern Maine and

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Thomaston considering two housing proposals for town green

THOMASTON, Maine — Voters in Thomaston will be deciding the fate of two housing development proposals Tuesday that could help broaden the town’s tax base and provide housing for both older adults and people with disabilities. Both development projects are slated for Thomaston Green, which was the site of the former Maine State Prison, but

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84 companies named Maine’s ‘best places to work’

Despite changes in the workplace brought on by the pandemic, the Maine State Council of the Society for Human Resources Management has named 84 companies as the winners in the 15th annual “Best Places to Work in Maine” program. The number is down slightly from the 100 companies honored in 2019, the most ever. The Best

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Former Martel School housing project is a go in Lewiston

The Lewiston Planning Board on Monday night approved a new housing plan for the former Martel School in a 5-2 vote. Avesta Housing Development Officer Catherine Elliott said Tuesday that Lewiston Housing Authority will own and manage the project and have retained Avesta to oversee and consult on the development process. The $10.4 million project

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