News

Affordable senior apartments coming to Kennebunk with Avesta Housing’s new project
KENNEBUNK, Maine — Avesta Housing is a step closer to building a new complex of 72 affordable apartments for senior citizens on Alewive Road. Rod Harmon, the communications manager for the Portland-based organization, said the project recently gained approval from

People and Business: Jan. 22
The Atlantic Federal Credit Union Foundation gave a $15,000 grant to Avesta Housing to benefit the organization’s HomeOwnership Center, a program that provides resources and education to promote homeownership and financial stability. From left: Avesta

People and Business: Jan. 15
M&T Bank donated $45,000 to Avesta Housing’s Homeless to Housing program to help formerly homeless residents maintain housing stability in their new homes. From left, Avesta Housing Vice President of Property Management and Resident Services

Housing First development approved for Portland
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

Avesta’s River Turn gets affordable housing grant
Avesta Housing’s River Turn project is one of the recipients of a Federal Home Loan Bank of Boston (FHLBank Boston) Affordable Housing Program, which recently awarded a total of $52.5 million in grants, loans and

Avesta Housing gets $200,000 donation from Gorham Savings
Avesta Housing is receiving a $200,000 donation from Gorham Savings Bank to address Maine’s housing crisis. The bank is giving the money to aid in the development of energy-efficient affordable homes and support services for

M&T Bank donates $45K to Avesta Housing to help reduce homelessness
M&T Bank has donated $45,000 to Avesta Housing’s Homeless to Housing program to help formerly homeless residents maintain housing stability in their new homes. Provided by Avesta Housing in partnership with Maine Behavioral Healthcare, Homeless

Avesta’s River Turn II gets affordable housing grant
CONWAY — Avesta Housing’s River Turn II project is one of the recipients of a Federal Home Loan Bank of Boston (FHLBank Boston) Affordable Housing Program, which recently awarded a total of $52.5 million in

$23M earmarked for affordable housing rentals in Maine
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,