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,
Avesta Housing’s success in helping our residents achieve and maintain housing stability relies heavily on forging strong partnerships. One of our partners, Wayside, has been an invaluable resource for years. Every Monday from noon to 1 p.m., Wayside staff and volunteers provide community meals accompanied by live music at 409 Cumberland, an Avesta affordable housing
L-R: Dr. Renée Fay-LeBlanc, Peter Pitegoff, Douglas Stockbridge, Jim Hanley Avesta Housing, the largest nonprofit affordable housing developer in Northern New England, has appointed new officers to its Board of Directors: Dr. Renée Fay-LeBlanc, Chair – Dr. Fay-LeBlanc is an internal medicine physician and serves as chief medical officer at Greater Portland Health. Born and
For older people in Maine, the challenges of finding or keeping a home that’s affordable are multiplied. Some need to downsize or find an age-friendly living situation, but can’t afford to—especially on a fixed income. For others, the costs of long-term care leave them with insufficient funds for housing. And the available housing stock in
In 2024, the cities had strong permit numbers. Here are aerial views of several of those construction projects. Click here to read the full article
When Arlene needed an affordable place to live, she knew exactly where she wanted to go – Meadowview, an Avesta Housing community for older adults in Gray, Maine. It was, after all, where her mother lived as one of Avesta’s first residents in the 1970s. “Mama loved it here, and I love it here,” said
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
Avesta Housing improves lives and strengthens communities by promoting and providing quality affordable homes for people in need.
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