News & Ideas

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.

Construction Begins on New Affordable Housing in Downtown Bristol

FOR IMMEDIATE RELEASE
October 26, 2022

[Bristol, VT] Co-owners and developers, Addison County Community Trust (ACCT) and Evernorth, are pleased to announce that construction is underway at Firehouse Apartments which will serve 20 low and moderate income households in downtown Bristol.

The Firehouse Apartments represents a critical component of a public/private partnership bringing municipal services, business incubation, and mixed-income housing to the growing community of Bristol on the Stoney Hill property. This partnership between the Town of Bristol, private developers, and housing nonprofits ACCT and Evernorth leverages the investments in municipal infrastructure and job creation to serve 20 households in a community where there were previously only nine non age-restricted affordable housing apartments.

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Anonymous Donor Gives Generous Gift to Endow Evernorth’s Gensburg Scholarship Fund

We have great news to share! An anonymous donor has generously donated a substantial gift to endow the Evernorth Scholarship Fund. The Fund was established 8 years ago to honor Robert Gensburg, one of the founding attorneys of what was then Housing Vermont.

Bob Gensburg quietly but profoundly made the communities he worked in a better place for all. Bob’s commitment to social equity and the rule of law were part of his moral fabric, whether he was representing impoverished schools with limited access to resources, serving as a special prosecutor, or representing a detainee at the Guantanamo prison.

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Evernorth Creates Workforce Housing Loan Fund for Upper Valley

FOR IMMEDIATE RELEASE
September 22, 2022

[Burlington, Vermont and Portland, ME] – Evernorth is pleased to announce that it closed an $8.95 million loan fund capitalized with investments from eight major Upper Valley employers. Dubbed the Upper Valley Loan Fund (the Loan Fund), this fund will loan money to developers and other entities to build affordable apartments targeted to renters with moderate incomes. The Loan Fund will help catalyze rental housing production in a segment of the market serving employees who are increasingly priced out of the housing in the area.

Due to the critical housing shortage in the Upper Valley region of New Hampshire and Vermont, area employers increasingly cite the lack of access to quality affordable housing as a key barrier to recruitment and retention of employees. According to a recent report by Vital Communities, a regional civic engagement organization, the Upper Valley needs 10,000 new homes by 2030 to meet demand (requiring a tripling of the current annual rate of housing production).

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Joint Public Statement: Bemis Block Apartments Accidental Fire

FOR IMMEDIATE RELEASE:
July 22, 2022

[Morrisville, Vermont] – On Wednesday, July 20th at 9:30AM, a fire broke out in an apartment in the Bemis Block Apartments building located in downtown Hardwick. The fire was caused by a lit candle in a resident’s apartment. The sprinkler system immediately doused the fire which successfully prevented it from spreading throughout the building and endangering other residents. Area firefighters and emergency crews responded to the site quickly. Upon assessment of the scene, firefighters turned off the sprinkler system. Firefighters remained on site and were joined by building management technicians and clean up professionals to assess the damage.

No injuries to people or property damages in the vicinity related to the fire are known at this time. A building assessment is underway by insurance professionals. The cause of the fire is known and not considered suspicious. Assessment and clean-up efforts are ongoing.

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Joint Public Statement: Village Center Apartments Affordable Housing Construction Site Fire

FOR IMMEDIATE RELEASE:
July 5, 2022

[Morrisville, Vermont] – At 8:00 AM on Sunday, July 3, a passerby in downtown Morrisville noticed a fire at the Village Center Apartments affordable housing development and contacted emergency responders. Area fire departments responded quickly. Firefighters successfully contained and put out the fire, and remained on site for several hours to ensure that the fire did not reignite.

Village Center Apartments is currently under construction and does not have residents residing in it presently. Work crews were not at the job site the day of the fire. No injuries to people or property damages in the vicinity related to the fire are known at this time.

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Stowe Celebrates the Opening of New Affordable Apartments Located in Stowe Village

FOR IMMEDIATE RELEASE:
June 14, 2022

[Stowe, Vermont] – Tuesday morning brought together residents, funders, community members, local legislators and two affordable housing organizations to celebrate the completion of 9 new homes and to officially kick-off the second phase of River Bend Apartments.

River Bend Apartments represents the first opportunity that Lamoille Housing Partnership (LHP) and Evernorth have had to develop affordable housing in Stowe in 10 years. These energy efficient, affordable homes will provide much-needed housing and combine both preservation of existing apartments and new construction in order to best meet the needs of the community.

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Evernorth Closes Third Multi-Investor Fund

FOR IMMEDIATE RELEASE:
March 7, 2022

Evernorth closed its third multi-investor fund – Housing New England, Fund III – on March 4, 2022.  This fund will provide equity to finance affordable housing in Maine, New Hampshire and Vermont.

21 investors committed a total of $82.5 million in equity making Housing New England, Fund III (HNE Fund III) a significant financial resource for the region’s critical affordable housing needs. HNE Fund III’s investors include community, regional and national banks as well as one of the nation’s largest mortgage banking organizations.

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Building Homes Together Campaign Announces Bold Five Year Plan

FOR IMMEDIATE RELEASE:
December 14, 2021

Burlington, Vermont – This morning the Building Homes Together campaign launched its second five year targets for making Chittenden County’s housing market healthier, more equitable, and more affordable. Supported by over 125 local leaders, the campaign’s goals include creating 5,000 new homes, with 1,250 permanently affordable, over the next five years. The new homes would include a combination of new rental and homeownership development.

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Brattleboro Celebrates Opening of Second Phase of Red Clover Commons Apartments – Completing the Red Clover Commons Neighborhood

FOR IMMEDIATE RELEASE:
November 15, 2021

[Brattleboro, VT] The completion of the second phase of Red Clover Commons represents the culmination of an important community building effort begun 10 years ago when Tropical Storm Irene severely flooded the 80 apartments at Melrose Terrace, a public housing development in West Brattleboro. This second phase at Red Clover Commons is comprised of 18 newly constructed homes for former residents of Melrose Terrace. The 3-story, energy efficient building offers 17 one- bedroom apartments and one two-bedroom apartment and completes the Red Clover Neighborhood.

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Evernorth Rural Ventures Awarded $60 Million in New Markets Tax Credits

FOR IMMEDIATE RELEASE:
September 2, 2021

The U.S. Treasury Department announced on Wednesday that Evernorth Rural Ventures, a subsidiary of Evernorth, was awarded a $60 million allocation of New Markets Tax Credits (NMTC) to continue its successful economic development work in low-income areas.

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Construction Begins on New Affordable Housing in Downtown Morrisville

FOR IMMEDIATE RELEASE:
August 20, 2021

Morrisville, VT – Lamoille Housing Partnership (LHP) and Evernorth are pleased to announce construction is underway on Village Center Apartments, 24 new energy-efficient affordable apartments for low and moderate income residents in the heart of downtown Morrisville.

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