News
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
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
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,
Portland offers rent help as affordable housing struggles in pandemic
PORTLAND (WGME) — The City of Portland has announced a rental relief fund of $500,000 and allowing residents to apply for up to $2,250 over three months for rent and utilities. But even as the city
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
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
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,
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
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