The town of Kennebunk will be adding more affordable housing with the recent planning board approval of a 72-unit income-restricted apartment complex, to be built on a 12-acre parcel in West Kennebunk. Avesta Housing plans two 36-unit buildings at 7 Alewive Park Road. Kennebunk Savings Bank donated the site, along with $550,000, to the project. The land is
Avesta Housing recently gained approval from the Kennebunk Planning Board to build affordable senior housing on Alewive Park Road in West Kennebunk. The project, approved last month, will include the construction of two new buildings, Each building will include 36 units, for a total of 72 units. The units will be designated affordable housing for those age
Middle-income housing is the focus of Domus, a development company launched by Portland developer Jack Soley in partnership with nonprofit affordable housing provider Avesta Housing and Tim Hebert, CEO of Hebert Construction in Lewiston. Construction is strong for affordable and market-rate housing, driven by government subsidies on the one hand and strong rates of return
M&T Bank and the Atlantic Federal Credit Union Foundation each provided grants to Avesta Housing, a Portland-based nonprofit affordable housing provider. M&T Bank donated $45,000 to Avesta Housing’s Homeless to Housing program to help formerly homeless residents maintain housing stability in their new homes. The Atlantic Federal Credit Union Foundation awarded Avesta a $15,000 grant
KENNEBUNK, Maine — Avesta Housing is a step closer to building a new complex of 72 affordable apartments for senior citizens on Alewive Road. Rod Harmon, the communications manager for the Portland-based organization, said the project recently gained approval from the town’s Planning Board. The next step, he said, is to secure permits from the state’s Department of Environmental Protection and
The Atlantic Federal Credit Union Foundation gave a $15,000 grant to Avesta Housing to benefit the organization’s HomeOwnership Center, a program that provides resources and education to promote homeownership and financial stability. From left: Avesta Housing Corporate and Major Gifts Officer Zoe Alexis Scott, Atlantic FCU Foundation President Christopher McGorrill, Avesta Housing Homeownership and Financial
M&T Bank donated $45,000 to Avesta Housing’s Homeless to Housing program to help formerly homeless residents maintain housing stability in their new homes. From left, Avesta Housing Vice President of Property Management and Resident Services Amanda Gilliam, M&T Bank Commercial Real Estate Relationship Manager Mike Ross, Maine Regional President Phil Cohen, Charitable and Community Relations
The Portland planning board has approved nearly 100 new apartments, including units intended to serve chronically unhoused people, in the city’s Bayside neighborhood. The project, developed by Avesta Housing and Reveler Development, will have 28 Housing First units at the site of the city’s former Oxford Street shelter. And it will offer both housing and
Avesta Housing’s River Turn project is one of the recipients of a Federal Home Loan Bank of Boston (FHLBank Boston) Affordable Housing Program, which recently awarded a total of $52.5 million in grants, loans and interest-rate subsidies through to support 40 affordable housing initiatives in New England and beyond. These projects will create or preserve
Avesta Housing is receiving a $200,000 donation from Gorham Savings Bank to address Maine’s housing crisis. The bank is giving the money to aid in the development of energy-efficient affordable homes and support services for homeless people, Avesta Housing said in a prepared statement. Click here to read the full article
