News
Housing First development approved for Portland
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
Avesta’s River Turn gets affordable housing grant
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
Avesta Housing gets $200,000 donation from Gorham Savings
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
M&T Bank donates $45K to Avesta Housing to help reduce homelessness
M&T Bank has donated $45,000 to Avesta Housing’s Homeless to Housing program to help formerly homeless residents maintain housing stability in their new homes. Provided by Avesta Housing in partnership with Maine Behavioral Healthcare, Homeless
Avesta’s River Turn II gets affordable housing grant
CONWAY — Avesta Housing’s River Turn II 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
$23M earmarked for affordable housing rentals in Maine
Federal Home Loan Bank of Boston has earmarked $23.5 million for the development or preservation of 456 units of rental housing in Maine, it said this week. The funding will go toward Augusta, Bath, Biddeford,
Avesta receives Bangor Savings $50k donation toward homeownership program
A new program offered by Avesta Housing’s HomeOwnership Center received a $50,000 donation from Bangor Savings Bank, designated to help people with moderate incomes purchase their first homes and achieve housing stability. Avesta’s program, A
Maine nonprofit will renovate fixer-uppers, sell them as affordable housing
The three-bedroom, one-bath condominium on Collyer Brook Road in Gray is a bit of a fixer-upper. The driveway is crumbling, with large chunks of pavement missing entirely. The front steps are rotted, the privacy fence
New Avesta program gives first-time homebuyers ‘A Path Forward’
Tackling the affordable housing shortage requires a myriad of creative solutions. Building new affordable homes is essential, but multi-family developments can take years to complete. Meanwhile, thousands of houses in Maine sit vacant due to
