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
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
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
Avesta Housing has been named Best Property Management Company in the Portland, Maine Best of 2024 Awards. Winners were chosen by the public via online voting, which is further testament to the hard work, dedication, and skill of the property management staff as well as other departments across the organization. Click here for the full
Avesta Housing has named the recipients of its 2024 educational scholarships. The $1,000 scholarships are awarded annually to Avesta Housing residents who are enrolling in a post-secondary education program — such as college, graduate school, trade school or certificate program — in the next 12 months. This year’s recipients are: Gertrude Armelle Akimfura, Westbrook: Gertrude
A local developer planning to create specialized housing for chronically homeless people in the city’s Bayside neighborhood is collaborating with another developer who would build affordable and market-rate apartments as part of the same project, for a total of 123 units. The proposed project, a collaboration between Avesta Housing and Reveler Development, would total three
Avesta Housing teamed up with Landry/French Construction and Ryan Senatore Architecture on the development, construction and design of Porter Station, with 60 apartment units. The $22 million project, which was unveiled May 2, is at 200 Valley St. in Portland’s St. John Valley neighborhood. Apartments in the five-story building range from efficiencies to three-bedroom units. Portland-based Avesta, the largest nonprofit
PHOTO: Joseph, a resident of Porter Station, speaks during the grand opening celebration on May 2. Avesta Housing celebrated the opening of Porter Station, its latest affordable housing development in Portland, with a grand opening celebration on May 2. Located at 200 Valley St., Porter Station cost $22 million to build and provides 60 safe,
PORTLAND (WGME) – The push for new housing in Maine continues, as housing groups and developers are chipping away at the state’s desperate shortage of available and affordable housing. Avesta Housing celebrated the opening of an affordable development in Portland Thursday. Porter Station on Valley Street is a 60-unit complex with 48 affordable apartments. For
Avesta Housing says the apartments at Porter Station range in size from efficiencies to three-bedroom units. Click here to view the news report
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