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Category: News

Avesta wins MEREDA award for Firehouse Village

We are proud to announce that Firehouse Village in Scarborough has won a 2024 Notable Project Award from the Maine Real Estate & Development Association (MEREDA)! Firehouse Village is a 2.6-acre, mixed-use development that includes Village Commons (pictured), a 31-unit Avesta property that provides safe, quality, affordable homes for older adults. The Notable Project Award

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How State and Local Initiatives Are Bridging the Affordable Housing Gap

Affordable housing presents a paradox. The National Low Income Housing Coalition estimates the nationwide shortage at 7.1 million affordable units, with the majority of states having 40 or fewer homes available per 100 extremely low-income renters. Yet despite this high demand, new affordable product is increasingly difficult to build. Add up the potential impact of tariffs, high

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Resident profile: Oscar & Ruth

Oscar & Ruth moved into their Avesta home in South Portland five years ago with their young daughter. Since then, they have flourished – Oscar, who has a bachelor’s degree in industrial engineering, works full-time as a machine operator, and they have welcomed two sons to their family. Both Oscar & Ruth have obtained U.S.

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Resident Profile: Russell

When Russell’s seasonable job ended six years ago, he was unable to afford the rent on his apartment and began living in his truck. Then a deer jumped through one of the truck’s windows and totaled it — in the middle of winter. “I had no job, no truck, and no place to live,” says

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Mission Possible: Avesta Housing 2024 Community Impact Report

In 2024, Avesta Housing provided 3,072 affordable homes to more than 4,600 people in Maine and New Hampshire. But these numbers only tell part of the story.  You can learn more about how we are investing in the people in our communities by reading our 2024 Community Impact Report, which includes real estate development news,

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