Portland-based nonprofit Avesta Housing has hired John Egan as its new director of development, replacing Patrick Hess who has been promoted to vice president of real estate.
Clover Terraces is targeted to buyers who earn between 80% and 120% of the area median income — too much to qualify for subsidized housing but too little to afford Maine’s skyrocketing home prices — often referred to as the state’s workforce population.
The project, slated tor completion in late 2026 and dubbed Clover Terraces, targets middle-income, first-time homebuyers — those who earn between 80% and 120% of the area median income.
The $9.8 million development provides one- and two-bedroom apartments and joins Avesta Housing's Meadowview campus at 16 Hancock St., where the nonprofit manages another 20-unit complex.
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