North Notes – News and Ideas from the Community Development Leaders at Evernorth
Evernorth is excited to share the inaugural issue of North Notes, a publication of news and ideas from the community development leaders at Evernorth.
Column: Vermont’s affordable housing effort is at an important crossroad
This column was written by John Vogel and originally published by Valley News on June 15, 2021. John is a recently retired clinical professor from the Tuck School of Business at Dartmouth and is co-chair of the Evernorth Board of Directors.
New Avenue Reconstruction Brings New Opportunities to St. Johnsbury Community
FOR IMMEDIATE RELEASE:
April 22, 2021
SAINT JOHNSBURY—Nearly one year into the substantial rehabilitation work on the former Depot Square Apartments, now known as New Avenue, the project has brought substantial changes to the building and to the community it will once again serve.
Evernorth and Springfield Housing Authority Announce Opening of 20 New Apartments at Historic Woolson Block
FOR IMMEDIATE RELEASE: April 1, 2021
[SPRINGFIELD, VT] The Springfield Housing Authority (SHA) and Evernorth are pleased to announce that the Woolson Block in downtown Springfield is fully occupied. The renovations returned the historic property to its prominent origins and will contribute to the economic vitality of downtown Springfield.
U.S. Treasury Awards Evernorth $950,000 to Support Affordable Housing
FOR IMMEDIATE RELEASE: February 25, 2021
On Monday, February 22, 2021, The U.S. Department of the Treasury’s Community Development Fund (CDFI Fund) awarded Evernorth $950,000 for the development of affordable housing in low income areas in New Hampshire and Maine.
With a prior $2M CMF award Housing Vermont (now part of Evernorth) financed over 900 units over the past five years. This new award will allow Evernorth to extend its financing program into New Hampshire and Maine where it has provided equity financing to 2,429 apartments in the past 5 years.
Evernorth Closes Second Multi-Investor Fund
FOR IMMEDIATE RELEASE: February 19, 2021
Evernorth closed its second multi-investor fund – Housing New England, Fund II – on January 29, 2021. This fund will provide equity to finance affordable housing in Maine, New Hampshire and Vermont.
19 investors committed a total of $60.7 million in equity making Housing New England, Fund II (HNE Fund II) a significant financial resource for the region’s critical affordable housing needs.
COVID Resident Surveys & Evernorth Blog Post:
Resident Surveys and COVID Impacts
By Lindsay Thrall, Evernorth Connections Manager
Evernorth’s Connections Program and the Vermont Affordable Housing Coalition (VAHC) have begun a 6-month phone survey in an effort to understand the impacts of COVID on our Vermont communities and to amplify the voices of the people who rely on affordable housing.
Lyndonville Celebrates the Opening of 20 New Apartments
[Lyndonville, VT] On Thursday, October 29, the Lyndonville community celebrated the official grand opening of Olivia Place with a socially-distanced Pumpkin Walk named in memory of Olivia Beleau. RuralEdge and Evernorth (formerly NNEHIF & Housing Vermont) partnered to develop these 20 thoughtfully designed, energy-efficient apartments in two newly constructed buildings and are co-owners of Olivia Place.
Building Homes Together Campaign Releases Progress Report
FOR IMMEDIATE RELEASE: October 5, 2020
Burlington, Vermont – The Building Homes Together Campaign, formed in 2016 to encourage production of housing in Chittenden County, released its annual progress report that showed continued overall success in new housing being created, but a persistent lack of affordable homes.
Vergennes Celebrates the Opening of 24 New Apartments near Downtown
[Vergennes, VT] Today, the Vergennes community celebrated the official grand opening of Vergennes Community Apartments with socially-distanced property tours and live music. The Addison County Community Trust (ACCT) and Evernorth partnered to develop this highly energy-efficient, multi-family apartment building located on Armory Lane in close proximity to downtown Vergennes. The Vergennes Community Apartments are located … Continued
Column: How to Make a Housing Disaster Even Worse
This column was written by John Vogel and originally published by Valley News on September 10, 2020. John is a recently retired clinical professor from the Tuck School of Business at Dartmouth and is co-chair of the Evernorth Board of Directors.
On the Record: Bill Shanahan helps lead newly merged housing syndicate, but keeps it local
This article was written by Maureen Millikan and originally published by Mainebiz on August 24, 2020.
Bill Shanahan is co-president of Evernorth, a housing capital syndicate formed when Northern New England Housing Investment Fund merged with Housing Vermont in July.