News
Nearly half of all Maine tenants cannot afford rent, new study says
Rent has become unaffordable for nearly half of all Maine tenants, according to new data from Harvard University. A study published Wednesday by the university’s Joint Center for Housing Studies indicates that 41.1 percent of
Affordable housing units open in heart of Portland
The housing authority in Maine, MaineHousing, estimates that Maine is between 20,000 and 25,000 affordable units short of what we need. That estimate is based on a couple of things, including the waiting list for
Avesta Housing holds grand opening for new affordable housing project in Portland
With affordable housing hard to come by in Maine, it’s led some to get creative. Wednesday night, Avesta Housing cut the ribbon on new affordable apartments built in an old office building. The housing project
Avesta to host grand opening of Deering Place on June 22
Avesta Housing will host a grand opening celebration of Deering Place, a new 75-unit affordable housing development in downtown Portland, at 4 p.m. Wednesday, June 22. The event is free and open to the public.
New members appointed to Avesta, 75 State Street boards
Avesta Housing has appointed new members to the Avesta Housing Board of Directors and the Board of Trustees for 75 State Street, an affiliate of Avesta: Alice Kabore, multicultural and multilingual coordinator for the South
Deering Place wins MEREDA development award
Deering Place, Avesta Housing’s newest affordable housing development in Portland, has been named one of the top real estate developments in Maine by the Maine Real Estate & Development Association (MEREDA). The award was presented
Bangor Savings Bank Gifts $50,000 to Avesta Housing
Bangor Savings Bank has awarded a $50,000 donation to Avesta Housing to support Avesta’s mission of providing safe, quality affordable housing in Maine and New Hampshire. As Avesta celebrates its 50th year, the need for
Lewiston approves contract zone for first Choice Neighborhoods redevelopment project
LEWISTON — The City Council unanimously approved the first reading of a contract zone Tuesday for a 74-unit downtown housing development, the first under the ambitious Choice Neighborhoods redevelopment plan. If the second reading is
New program helps Maine homeowners prevent foreclosure
On May 5, Maine lawmakers announced the $50 million Maine HomeOwner Assistance Fund to help homeowners in the state who have been affected by the COVID-19 pandemic. The Avesta HomeOwnership Center (HOC) is helping to
