WNC & Associates, Freeport Housing Trust, Best Apartments, Inc. and CVS Health Break Ground on Varney Heights, a 42-Unit Senior Housing Community in Freeport, Maine [Yahoo! Finance]
CVS Health Corporation (CVS)
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Source: Yahoo! Finance
FREEPORT, Maine, Jan. 15, 2026 (GLOBE NEWSWIRE) -- WNC & Associates (WNC), a family-owned business known as both a pioneer and leader in the affordable housing industry, their investor CVS Health, and co-developers, Freeport Housing Trust and Best Apartments, Inc., have begun construction on Varney Heights, a 42-unit affordable housing community in Freeport, Maine. Located on Varney Road and designed specifically for seniors ages 55 and older, the community will provide affordable housing opportunities under the Low-Income Housing Tax Credit (LIHTC) program, with units reserved for households earning up to 30%, 50%, and 60% of the Area Median Income (AMI). In addition, three units will feature a HUD Section 8 subsidy, further expanding access for those most in need. "Varney Heights represents an important investment in Freeport's future, especially for the older adults who have helped shape this community," said Matt Peters, Executive Director at Freeport Housing Trust. "As deman
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