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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