PHOTO: Avesta Housing staff and guests cut the ribbon on July 15 to 6A & 6B Collyer Brook Road in Gray, Maine, the first two properties for sale under Avesta’s new “A Path Forward” program for moderate-income homebuyers. L-R: Diane Donaldson, senior vice president/commercial banking team lead, Bangor Savings Bank; Eric Boucher, senior vice president
People are living longer and while there are many benefits to longevity, the collision of multiple aging generations is taking a toll on an already burdened housing system. Housing crises are happening throughout the nation, with older populations being some of the hardest hit. The demand for 55-plus housing and assisted living facilities is increasing
The renovated homes are located on Collyer Brook Road and are going for roughly $218,000 each. Click here to watch the news report
The work we do is made possible by partnerships with companies that share our vision for safe, affordable homes for everyone. Franklin Savings Bank has donated $75,000 to help us build Edgewater Village, an affordable housing community for older adults in Farmington, Maine. Scheduled to open in spring 2026, Edgewater Village is Avesta’s first property
LEWISTON — It’s a hard sight to miss in the city these days: property lots on the cusp of a new beginning. At sites like the former Martel School, the former Sun Journal building on Pine Street, and the future home of Gendron Active Living Estates off Farwell Street, demolition or site preparation is either
More than half of Portland tenants are struggling to afford rent. According to a new report from Harvard University’s Joint Center for Housing Studies, almost 52% of renters in the Portland-South Portland area are “cost-burdened,” meaning they spend at least 30% of their income on housing. And more than 24% are “severely” cost-burdened, meaning that more than
An organization whose mission is to develop and sell “high-quality, energy-efficient homes tailored for middle-income earners” has set its eyes on the city because of the pro-housing sentiment of the community. Jack Soley was among the representatives of Domus that met Wednesday, June 18, with city officials at City Hall to discuss development possibilities. “I’m
LEWISTON, Maine — Like many communities in Maine, Lewiston-Auburn has a significant housing need. A building boom is currently underway to meet this rising demand. Multiple housing projects are under construction, with others in the planning stage. Some of the demand comes from individuals relocating to the Twin Cities after being priced out of the
Avesta Housing in Portland hired Jennifer Hawkins as president and CEO. Hawkins most recently served as president and CEO of One Neighborhood Builders in Providence, R.I. Click here to read the full article
Soon after Dani Nisbet bought her two-bedroom ranch in South Portland in 2017 she started wondering what could be built on the rest of her .65-acre, mostly wooded lot. She knew housing was scarce across southern Maine. An artist, interior designer and hairdresser, she had heard heartbreaking stories from clients, family members and friends about their fruitless
