GRAY, Maine — Avesta Housing held the grand opening of Meadowview Wednesday afternoon—an affordable apartment building in Gray for older Mainers. The new 26-unit building on Hancock Street is intended for residents aged 55 and older. Meadowview has more energy efficient and sustainable features for lower costs and increased comfort, according to Avesta. Click here to watch
Avesta Housing has added 26 apartments to its affordable housing options in Gray, with the opening this week of Meadowview II, for people aged 55 and older. The $9.8 million development provides one-and two-bedroom apartments ranging from 500 to 760 square feet, and features sustainable design to reduce energy costs. The new 22,000-square-foot complex joins Avesta’s
On Sept. 16, Avesta Housing hosted a hardhat tour of Seavey Crossing, our new development of affordable homes for older adults in Westbrook, for a task force of the Maine Department of Economic and Community Development. Coordinated and led by Avesta Housing Director of Construction Services Todd Rothstein, CPHC, the tour increased awareness of the
Construction has started on a 201-unit affordable housing development in downtown Portland, Maine. Located within walking distance of restaurants, grocery stores, health services, and public transit, 89 Elm Apartments will be home to households earning up to 60% of the area median income. Avesta Housing, a regional nonprofit developer, and Reveler Development, the master developer
Children in Avesta homes are learning math skills and boosting their chances of academic success thanks to a new partnership between Avesta Housing and a Maine nonprofit. Presented by the Early Math and Language Initiative (EMLI), the Family Math program teaches pre-K children in under-resourced communities through a combination of storytelling, group activities, and one-on-one
PORTLAND, Maine — In a significant move to address Portland’s affordable housing crisis, WNC & Associates, Avesta Housing, and Reveler Development have officially broken ground on 89 Elm Apartments, a new 201-unit affordable housing community in downtown Portland. The $87.8 million development aims to provide critical relief in one of Maine’s most competitive rental markets. Located at 89 Elm
WNC & Associates is teaming up with Avesta Housing and Reveler Development to develop 89 Elm Apartments, an $87.8 million, 201-unit affordable housing community located in downtown Portland, Maine. The property is expected to finish construction in in 2027. It is the fourth community for WNC in Portland. Last month, the company and the Portland
Avesta Housing and Reveler Development have broken ground on a 201-unit affordable housing complex on the corner of Elm and Oxford Streets in Portland. Units in the complex will be made available to people earning no more than 60% of the area median income — which is $90,860, meaning the apartments will be open to
WNC & Associates (WNC), a family-owned business known as both a pioneer and leader in the affordable housing industry; Avesta Housing, a regional nonprofit developer of affordable homes; and Reveler Development, the master developer on the project which specializes in constructing and redeveloping multi-family and mixed-use properties in the Maine area; have announced the start
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
