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Avesta campaign for critical-need senior housing enters final year


By Staff
Avesta Housing s $2 million three-year campaign to build affordable housing for seniors in areas where there s a critical need got a boost to begin its final year.
The Mascoma Bank Foundation, based in Lebanon, N.H., awarded a $15,000 grant to the Portland-based nonprofit s Silver Hearth Fund, which Avesta launched in 2019. The grant is the latest of 35 donations pledged to the campaign, which has raised $1.4 million and expects to hit its goal by the end of the year.
The Silver Hearth Fund fundraising initiative is focused on addressing the acute affordable housing needs of older adults living in Avesta’s market areas in Maine and New Hampshire. ....

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Eliot Cutler's mansion sold to Bush family member for $7.6 million


Eliot Cutler’s mansion sold to Bush family member for $7.6 million
The 2-time Maine gubernatorial candidate is downsizing, after selling the 15,000-square-foot oceanfront home in Cape Elizabeth to Jonathan Bush Jr.
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In a year of record-setting residential home sales, former gubernatorial candidate Eliot Cutler s oceanfront home in Cape Elizabeth sold for $7.55 million, the highest price ever recorded for a single-family dwelling in Cumberland County. Photo by Maine Aerial Photography Services, LLC
Finally, a home in Maine’s red-hot real estate market sold for less than its list price.
Even so, it fetched a sum higher than any other single-family dwelling in Cumberland County since Maine Listings, a subsidiary of the Maine Association of Realtors, began keeping records in 1996. It also was the most expensive sale statewide in 2020, and the seventh-highest home sale price ever recorded in Maine. ....

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