Avesta's 8 Low-Income Housing Projects Estimated to Add 250 Homes, Cost $55m

Summary

---

PORTLAND, Maine -- A flurry of construction in the Portland area will provide new housing options for the area's low-income residents.

But these aren't the cookie cutter apartments of yore. Thin wires lining the hallways -- meant for artwork -- is one of the little tweaks in the design of Oak Street Lofts, a 37-unit building of efficiency apartments nestled in Portland's arts district. The nearly $6.4 million project is nearing completion, and when it opens later this month it will be the first multifamily affordable housing building in the state to earn LEED Platinum certification for its especially low carbon footprint.

See the full content of this document

Extract

---

Avesta's 8 Low-Income Housing Projects Estimated to Add 250 Homes, Cost $55m

Oak Street Lofts is just one of eight Avesta Housing projects either in the queue or in various stages of construction.

The workload is large even for Avesta, the largest nonprofit housing agency in Northern New England, and comes at a time when there is still a strong need for affordable housing -- and construction work -- in southern Maine due to a still sluggish economy.

The ambitious wave of projects also comes as the ...

See the full content of this document

---