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Grand Opening of Portland’s 3rd Housing First Program

PORTLAND, ME (September 7, 2017) — On Tuesday, September 12 at 10am Avesta Housing and Preble Street celebrate Portland’s third “housing first” program, Huston Commons. The apartment building is now home to 30 formerly homeless individuals with chronic health challenges. “The men and women at Huston Commons have not known stability or security for much

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South Portland airs plan to revitalize West End

SOUTH PORTLAND — A plan to revitalize the West End that highlights improved streets and sidewalks, new recreational opportunities and keeping the area affordable was presented Monday at a City Council workshop. The plan encompassing the Redbank and Brick Hill neighborhoods and parts of Westbrook Street and Western Avenue includes an earlier public-private proposal to

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Developer aims to address need for affordable housing with new apartments in Parkside

Avesta Housing’s $10 million Deering Place would be available to residents with incomes of $20,000 to $40,000, a response to affordability concerns in Portland’s red hot real estate market. Maine’s largest affordable-housing developer wants to build 82 apartments — mostly for low-income residents — in Portland’s Parkside neighborhood, adding badly needed units at below-market rates

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Avesta Housing Receives Grant From KeyBank – $10,000 donation provides financial counseling services to affordable housing applicants

PORTLAND, Maine, July 19, 2017 — Avesta Housing in Portland has received a $10,000 charitable grant from KeyBank Foundation for its NeighborWorks HomeOwnership Center. Avesta’s mission is to improve lives and strengthen communities by promoting and providing quality affordable homes for people in need. KeyBank’s funding will help Avesta to provide free financial counseling and

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Ultra-Efficient Apartment Buildings In Portland And Boston Are Part Of “Big Wave”

A new type of energy-efficient construction is drawing attention in the U.S. It’s called “passive housing” — residences built to achieve ultra-low energy use. It’s so efficient that developers can eliminate central heating systems altogether. Imported from Germany, it’s been a boutique building style until recently, with eco-minded home owners making costly upfront investments to

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Bayside Anchor Brings New Support to Portland Neighborhood

Bayside Anchor Apartments is aptly named, bringing new stability to its Portland, Maine, neighborhood. The 45-unit development delivers needed housing opportunities to the poorest census tract in the state and serves as the social hub for the area with large community spaces, a Head Start preschool program, and community policing offices on the ground floor.

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AHF Announces 2017 Readers’ Choice Finalists

Affordable Housing Finance has selected 36 developments as finalists in its 13th annual Readers’ Choice Awards competition. Competing in 10 categories, they represent some of the best affordable housing developments completed in 2016 and 2017. The finalists were selected based on their impact on their community, creative problem-solving, sustainable and inventive design, and innovative financing,

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