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Tag: Homeownership

How Maine is creating homes in forgotten and unlikely places

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

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Resident Profile: Russell

When Russell’s seasonable job ended six years ago, he was unable to afford the rent on his apartment and began living in his truck. Then a deer jumped through one of the truck’s windows and totaled it — in the middle of winter. “I had no job, no truck, and no place to live,” says

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Developers get creative to build more affordable and ‘missing middle’ housing

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

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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

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New Avesta program gives first-time homebuyers ‘A Path Forward’

Tackling the affordable housing shortage requires a myriad of creative solutions. Building new affordable homes is essential, but multi-family developments can take years to complete. Meanwhile, thousands of houses in Maine sit vacant due to abandonment, foreclosure, or other reasons. A new program administered by the Avesta Housing Homeownership + Financial Counseling department is an

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U.S. Sen. Angus King meets with Avesta Housing to discuss housing needs and solutions

U.S. Sen. Angus King (I-Maine) with Avesta Housing senior leadership staff at Porter Station in Portland, Maine, on Nov. 1. L-R: President & CEO Rebecca Hatfield, Resident Services Manager Nick Kjeldgaard, Sen. Angus King, Director of Real Estate Development Patrick Hess, HomeOwnership Center Director Nicole DiGeronimo, Senior Vice President of Finance & Administration Eric Boucher

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