Nothing illustrates the importance — and impact — of affordable housing and community development better than stories about the community itself. Learn about the people who develop and build the housing and the people who are built up because of it.
[Charlestown, NH] Evernorth Rural Ventures is pleased to announce New Markets Tax Credit (NMTC) financing in support of GreenSource Fabrication LLC, a subsidiary of Whelen Engineering Company, Inc.
The financing will support GreenSource’s manufacturing expansion located in Charlestown, New Hampshire.
FOR IMMEDIATE RELEASE
February 10, 2025
[Waterbury, VT] Today, the Waterbury community celebrated the groundbreaking of Marsh House Apartments. Co-owners and co-developers, Evernorth and Downstreet Housing and Community Development partnered on Marsh House Apartments which will provide essential housing for 26 low- and moderate-income households in Waterbury, Vermont.
FOR IMMEDIATE RELEASE
January 8, 2025
[St. Johnsbury, VT]—Evernorth Rural Ventures (ERV) is pleased to announce the closing of $15 million in its New Markets Tax Credit (NMTC) allocation for the substantial expansion and improvement of the Weidmann Electrical Technology, Inc. (“Weidmann”) manufacturing and technology plant in St. Johnsbury, Vermont.
The New Markets Tax Credit Coalition’s latest national report highlights three recent ERV investments – one in Maine, New Hampshire, and Vermont! Evernorth Rural Ventures (ERV) leverages its NMTC resources to invest in the economic and social well-being of communities. These critical NMTC investments support job creation, essential goods and services, and key community developments benefiting low-income people and communities.
FOR IMMEDIATE RELEASE
December 3, 2024
West Rutland, VT] – Today, the West Rutland community celebrated the groundbreaking of Marble Village Apartments. Co-owners and co-developers, The Housing Trust of Rutland County and Evernorth partnered on Marble Village Apartments which will provide essential housing for 24 low- and moderate-income households.
FOR IMMEDIATE RELEASE
November 15, 2024
[Putney, VT] – The proposed housing community on Alice Holway Drive in Putney is cleared to move forward. That was the ruling from the Vermont Supreme Court on November 15, 2024, siding with Windham & Windsor Housing Trust, owner of the property.
FOR IMMEDIATE RELEASE:
October 28, 2024
Colchester, Vermont – At the site of a former dormitory converted into affordable apartments, housing leaders and local officials released the annual Building Homes Together campaign scorecard documenting the number of homes and apartments created throughout Chittenden County in 2023.
We are pleased to announce that Rich Grogan has accepted the position as Evernorth’s Chief Financial Officer.
Rich has served as Executive Director of the Northern Border Regional Commission, driving economic and community development across Maine, New Hampshire, New York, and Vermont since 2019. He has also served in leadership roles at Community Capital of Vermont and the New Hampshire Small Business Development Center.
This commentary was written by Kathy Beyer and originally published by VT Digger on October 3, 2024.
Unfortunately, Act 181 did nothing about the length of the appeal process in Vermont.
FOR IMMEDIATE RELEASE
September 17, 2024
[Springfield, MA] – Evernorth Rural Ventures, a subsidiary of Evernorth, is pleased to announce the closing of $14.3 million in New Markets Tax Credit (NMTC) allocation to create a larger, new state-of-the-art facility for Square One, a nonprofit early childhood education and care provider. The NMTC supports the construction of a new building dedicated to early learning classrooms and workforce development programming for families.
We are excited to share that construction is underway to convert the historic Roosevelt School in Keene, New Hampshire, into 30 new affordable homes. These homes are one step forward in addressing Keene’s housing shortage.
FOR IMMEDIATE RELEASE
September 6, 2024
[Burlington, VT] – Evernorth Loan Fund, a community development organization of Evernorth, is thrilled to announce a generous $10 million donation to support its efforts in financing affordable housing projects in Vermont. The donation comes from an anonymous Vermont philanthropic donor who shares Evernorth’s commitment to creating vibrant, healthy communities through the development of affordable housing.
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