News
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
U.S. Sen. Angus King meets with Avesta Housing to discuss housing needs and solutions
U.S. Sen. Angus King (I-Maine) with Avesta Housing senior leadership staff at Porter Station in Portland, Maine, on Nov. 1. L-R: President & CEO Rebecca Hatfield, Resident Services Manager Nick Kjeldgaard, Sen. Angus King, Director
Advocates bullish on Maine’s housing goals in face of any potential changes from Trump
Housing advocates in Maine said they’ll seek a dedicated, consistent stream of funding for new development initiatives next year, in the face of potential changes that could come with the new Trump administration. Developers have
Bangor Savings Bank donates $50,000 to new Avesta Housing program for aspiring homeowners
(L-R): Bangor Savings Bank Vice President & Community Relations Manager Gavin Robinson, Avesta Housing HomeOwnership Center Senior Financial Counselor Madisen Corcoran, Avesta Housing Vice President of Advancement Sara Olson, Avesta Housing Corporate & Major Gifts
Thomas Heights resident teaches free sewing classes to limited-income students
Helen Burns is a resident of Thomas Heights, an Avesta Housing affordable housing development in Portland. She volunteers to teach free sewing classes at The Root Cellar, a Portland-based nonprofit. Helen’s mother was a seamstress
