Affordable Housing

We know that an affordable home gives adults and children the foundation they need to succeed. When people can afford a safe place to live, everyone benefits. 

Real Estate Development

As the largest developer of affordable housing in Vermont, our team works in conjunction with local partners to develop high-quality permanently affordable housing in Vermont. We also work closely with nonprofit and for-profit developers in Maine, New Hampshire, and Vermont to help assess, underwrite, and manage a wide range of projects, including apartments for seniors, workforce housing, assisted living, and projects which rehabilitate and preserve scarce housing resources.            

Syndication

Evernorth raises equity by administering federal Low Income Housing Tax Credits (LIHTC) as well as state and historic tax credits. We have more than 30 years of syndication experience, deep knowledge of our local markets, and most importantly, long-lasting relationships with developers, investors, housing authorities, and industry professionals.

Consulting

We offer consulting services to affordable housing developers who are looking for results-oriented technical assistance. Some of those services include feasibility analysis, deal structuring, and design and construction oversight. 

Our team also provides asset management consulting to support developers, investors, housing finance agencies, and other participants in existing LIHTC-financed partnerships. Services include energy performance analysis, disposition services, and third-party LIHTC asset management.

Lending

Pre-development and bridge loans
Evernorth helps developers and owners of affordable housing to build more housing by providing short term, below-market financing for pre-development expenses and equity bridge loans.

Energy loans
Evernorth helps affordable housing owners invest in energy efficiency measures that create operating savings and improve the long-term sustainability of their properties.  We offer below-market, subordinate financing with flexible terms for qualifying projects.

To qualify for a loan, housing projects must meet a minimum threshold that 30% of the units are set aside for households with incomes at 50% or less of the Area Median Income (AMI). All of the assisted units must remain affordable to households below 120% of AMI for a minimum of 10 years.