KeyBank Foundation donates $400K to Avesta Housing for staffing, services
Courtesy / Avesta Housing
KeyBank Maine Market President Tony DiSotto, second from right, presents a check to, from left, Avesta Housing’s vice president of property management and resident services, Amanda Gilliam; president and CEO, Rebecca Hatfield; and vice president of advancement, Sara Olson.
Avesta Housing has received a $400,000 grant from the KeyBank Foundation to enhance services for residents of the nonprofit developer's affordable housing properties.
The funds, to be awarded over four years, will be used to expand staffing and ensure residents have access to health care, meals, and educational and employment opportunities such as job training, professional certification classes and English language learning initiatives.
Avesta, headquartered in Portland, says that steps to improve economic well-being will help create a future for individuals and families who have experienced homelessness.
“It has been well-reported that there is a critical need for safe, quality, affordable housing,” said Rebecca Hatfield, Avesta’s president and CEO. “It is equally as important that households achieve long-term stability and success once housing has been secured.”
Hatfield said the gift will have immediate and long-lasting benefits.
Avesta’s mission is to improve lives and strengthen communities by providing and promoting affordable quality homes for people in need. The organization advocates for affordable housing, develop and manage high-quality housing, and help residents access other needed services that help them maintain their permanent housing.
Founded in 1972, Avesta is the largest organization of its kind in northern New England. It owns and manages more than 100 properties with more than 3,000 apartments and 4,600 rental residents. Through its HomeOwnership Center, Avesta provides home buyer education classes, financial stability counseling and foreclosure prevention assistance to 1,200 people each year.
“KeyBank joins Avesta in the belief that everyone in our community should have safe and affordable housing,” said Tony DiSotto, KeyBank’s Maine market president. “As a community-minded bank, we are committed to providing access to capital and support to neighborhoods and neighbors who have often faced unfair financial barriers.”
KeyBank Foundation grants are part of a $40 billion commitment for lending and investments across Key’s national footprint established in 2017 and supporting affordable housing and community development projects, home and small business lending in low- and-moderate income communities, and philanthropic efforts targeted toward education, workforce development, and safe, vital neighborhoods.
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