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Maine real estate group names seven ‘Notable Projects’ for 2019

The Maine Real Estate and Development Association on Tuesday morning named seven developments, from corporate headquarters to affordable housing, as winners of the group’s 2019 Notable Project awards. The annual honors recognize “the most noteworthy and significant Maine commercial development projects from the previous year, all of which embody the association’s mission to support responsible development,”

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Low-income Mainers barely hanging on to keep paying rent, research shows

Low-income Mainers living in subsidized housing have largely managed to keep up with rent payments during the coronavirus pandemic, but not without some falling behind on other bills, using food pantries or relying on federal and state assistance, according to a new study by the Maine Affordable Housing Coalition. That financial strategy is not sustainable,

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A Maine-based cross laminated timber factory could mean more affordable housing

PORTLAND, Maine — Avesta Housing’s new, affordable, 40-apartment project going up on Brighton Avenue is the first building in Maine to feature stairwells and an elevator tower made from cross laminated timber. The high tech, eco-friendly structural material is cheaper and easier to install than the traditional concrete and steel it replaces. However, the material

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Conway planning board OK’s Avesta housing project

CONWAY — The Conway Planning Board gave conditional approval on June 11 to Avesta Housing Development Corp. to put up 156 workforce and senior rental housing units off Technology Lane in Conway. Avesta, a non-profit housing agency based in Portland, Maine, that owns and manager just over 90 properties in Maine and New Hampshire. Technology

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Building Business: Multifamily housing among projects underway in Portland

Wright-Ryan Construction of Portland is readying 58 Boyd St., a 55-unit affordable housing complex in Portland. The cost was $11.2 million, and Bangor Savings was the largest private lender, putting up $2.9 million. Portland Housing Authority is the developer. CWS Architecture handled the design. Fall completion is expected. Zachau Construction of Freeport has framing and sheathing up

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Racial Equity Pledge

Avesta Housing condemns the acts of violence and injustice against people of color that are currently taking place and that have taken place in the past weeks, months, and years. We recognize that individuals, institutions, and systems have worked against the best interest of people of color in our country for hundreds of years. Racial

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Maine nonprofits receive $1.2 million for COVID-19 relief efforts

Nonprofit organizations serving Maine people most affected by the coronavirus pandemic have been awarded $1.2 million in grants from the Maine Community Foundation’s COVID-19 Emergency Response Fund and a fund for food security. The 130 grant recipients include community and statewide organizations providing basic support such as food, shelter, child care, mental health and domestic

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Avesta Housing proposes new apartments on Valley Street

Avesta Housing is proposing a five-story, 60-unit apartment building on Valley Street in Portland. While some units would be rented at market prices, a majority would be affordable to people making significantly less than the area median income. “It is on the larger side of what Avesta has done recently, which is exciting given the

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