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Tuesday September 23, 2014


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    Eric Boucher, 38
    Chief Financial Officer
    Avesta Housing


    Avesta Housing is Maine’s largest non-profit affordable housing agency, owning or managing 1,800 apartments and an assisted living facility in southern Maine. As Avesta’s chief financial officer since October 2010, Eric Boucher plays a key role in the steady growth of the 100-employee agency, which has more than $140 million in assets and an annual operating budget exceeding $25 million.

    “Eric has introduced a higher level of professionalism, automation, strategic planning, and expert management to the financial management side of Maine’s nonprofit sector,” says his nominator for a MaineToday Media Forty Under 40 award, Dana Totman. “As a CPA and University of Virginia McIntire School graduate, Eric has both tremendous accounting and management skills,” says Totman, Avesta’s president. “He has used these skills to find efficiencies, introduce new systems, and develop personnel teams that effectively serve Avesta Housing and affordable housing in general.”

    Boucher’s dedication to the public good has been apparent throughout his career, Totman notes: “by extraordinary volunteerism when working in the for-profit sector (Boucher most recently had been vice president and audit manager for TD Bank) and directly by improving the financial health of Avesta.”

    A Scarborough resident, Boucher was Maine Bankers Association Community Banker of the Year in 2006, for his participation in community activities including serving as Chairman of the Board of the Waldo County YMCA, when he was a VP at Camden National Corporation, and as a classroom volunteer for Junior Achievement. He’s a volunteer for and serves on the board of Community Financial Literacy (cflmaine.org) whose mission is “to empower immigrant and refugee communities in Maine by teaching them financial skills.”

    Totman sees Boucher becoming “a senior VP with Avesta, perhaps chairing a couple of important non-profit boards ... His career will undoubtedly be supplemented with his volunteerism, board leadership, and teaching.”

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