Tag: affordable housing

Affordable senior apartments coming to Kennebunk with Avesta Housing’s new project

KENNEBUNK, Maine — Avesta Housing is a step closer to building a new complex of 72 affordable apartments for senior citizens on Alewive Road. Rod Harmon, the communications manager for the Portland-based organization, said the project recently gained approval from the town’s Planning Board. The next step, he said, is to secure permits from the state’s Department of Environmental Protection and

January 24, 2025

People and Business: Jan. 22

The Atlantic Federal Credit Union Foundation gave a $15,000 grant to Avesta Housing to benefit the organization’s HomeOwnership Center, a program that provides resources and education to promote homeownership and financial stability. From left: Avesta Housing Corporate and Major Gifts Officer Zoe Alexis Scott, Atlantic FCU Foundation President Christopher McGorrill, Avesta Housing Homeownership and Financial

January 22, 2025

People and Business: Jan. 15

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. From left, Avesta Housing Vice President of Property Management and Resident Services Amanda Gilliam, M&T Bank Commercial Real Estate Relationship Manager Mike Ross, Maine Regional President Phil Cohen, Charitable and Community Relations

January 15, 2025

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 Housing First units at the site of the city’s former Oxford Street shelter. And it will offer both housing and

January 15, 2025

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 interest-rate subsidies through to support 40 affordable housing initiatives in New England and beyond. These projects will create or preserve

January 14, 2025

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 homeless people, Avesta Housing said in a prepared statement. Click here to read the full article

January 10, 2025

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 to Housing assists previously homeless residents as they transition to permanent housing across the Avesta property portfolio. Services include connections

January 7, 2025

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 grants, loans and interest-rate subsidies through to support 40 affordable housing initiatives in New England and beyond. These projects will

December 24, 2024

$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, Kennebunk, Kittery, Lewiston, Portland, Scarborough and South Portland. The grants and loans will be used to help pay construction, acquisition or

December 19, 2024

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 Path Forward: Homeownership for ME, aims to create a pathway to homeownership for Maine residents who have been priced out

December 16, 2024

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