Bank of America awarded Avesta Housing a $20,000 grant to help the nonprofit’s new Home Ownership Center take flight, according to an Avesta announcement this week.
The grant money comes through Bank of America’s Charitable Foundation. Here’s how Avesta described its Home Ownership Center in this week’s announcement (why bother rephrasing it when they did such a good job nutshelling it up in a succinct graph for me?):
Launched in June, Avesta’s Home Ownership Center helps families stabilize their housing costs and increase their economic self-sufficiency through homebuyer education, individual counseling and foreclosure prevention counseling. The center serves as a one-stop shop for low- and moderate-income families looking to buy their first home, improve the home they own or avoid foreclosure.
Frankly, the center is an interesting addition to the housing landscape in Portland, and if homeowners (or potential homeowners) would benefit greatly from taking advantage of the programs and services offered there.
Avesta, for those of you who don’t know, is New England’s largest nonprofit affordable housing developer.
This particular $20,000 grant is part of $105,000 in Maine and $22 million nationwide distributed by Bank of America for affordable housing, homeowner counseling and foreclosure prevention programs.
Here’s Avesta President Dana Totman in a quick statement on the topic:
This investment in our community will help us build stronger neighborhoods through access to home buyer education and financial literacy programs.