Avesta Housing Development Corporation
Avesta Housing improves lives and strengthens communities by promoting and providing quality affordable homes for people in need. Avesta Housing improves lives and strengthens communities by promoting and providing quality affordable homes for people in need.
Avesta Housing Development Corporation
Overview
Avesta Housing Development Corporation is a nonprofit organization dedicated to addressing the affordable housing crisis in the United States. Founded in 1972 as York-Cumberland Housing, it later changed its name to Avesta Housing in 2003 to reflect its expanding geographic reach.
Mission
Avesta Housing is committed to improving lives and strengthening communities by promoting and providing quality affordable homes for people in need. The organization aims to create a future where communities thrive because everyone has a place to call home.
Operations
Avesta Housing is one of the largest nonprofit affordable housing providers in northern New England, with over 100 properties that provide more than 3,000 homes to over 4,700 residents. The organization owns and operates properties across Maine and New Hampshire.
Programs and Services
- Affordable Housing Development: Avesta develops, acquires, and preserves hundreds of affordable units annually. It emphasizes smart growth principles, sustainability guidelines, and design standards informed by development and property management experience.
- Resident Services: Avesta offers a wide array of services to its residents, including food security, educational opportunities, health promotion, and social connectivity.
- Homeless Support Initiatives: Avesta has developed several Housing First communities, such as Logan Place, Florence House, and Huston Commons, in partnership with other organizations. It also operates the Homeless to Housing program to support residents at risk of homelessness.
- Homeownership and Financial Counseling: The organization provides home buyer classes and free financial counseling to help renters and homeowners improve their financial health.
Governance and Staff
Avesta Housing is governed by an 18-member board of directors with diverse backgrounds from the financial, business, public sector, social services, and housing industries. The organization employs over 300 staff dedicated to its core values of humanity, stewardship, relationships, and quality.
Leadership
As of 2022, Rebecca Hatfield serves as the president and CEO of Avesta Housing, having previously held the position of senior vice president of real estate.
Milestones
- 1972: Founded as York-Cumberland Housing in Gorham, Maine.
- 2000: Co-founded the Southern Maine Affordable Rental Housing Coalition, which later became the Maine Affordable Housing Coalition.
- 2003: Changed name to Avesta Housing and relocated headquarters to Portland, Maine.
- 2010: Opened Florence House, a Housing First community.
- 2012: Launched the Avesta HomeOwnership Center.
- 2017: Partnered with Preble Street to develop Huston Commons.
- 2022: Celebrated its 50th anniversary.
Financials and Assets
Avesta Housing has over $350 million in assets, positioning it as a significant player in the nonprofit affordable housing sector.
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Avesta Housing
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Avesta Housing Development Corporation
#AvestaHousing hosted a celebration of Snow School Apartments on Thursday to thank development partners and funders and to show our appreciation for the residents who make it such a warm, tight-knit community for older adults in Fryeburg, Maine. Guests enjoyed food and camaraderie, and many residents shared their stories about how Avesta provided them with a safe, quality home when they thought all hope was lost. As it turns out, quite a few residents who are living at Snow School used to attend the building’s namesake as students.
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