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.

Articles, Community, Development |

Evernorth Rural Ventures Invests in the Economic and Social Well-being of Communities

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.

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Articles, Community |

Evernorth Welcomes Chief Financial Officer

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.

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Articles, Community, Development |

Newly Renovated Millbrook Estates in Westbrook, Maine

At Evernorth, we believe in the power of adaptively reusing community assets to stretch the potential of investment dollars and enrich communities. A perfect example is the newly renovated Millbrook Estates in Westbrook, Maine, where 100 apartments have been transformed into more modern and comfortable homes for seniors. We are proud to have invested in these homes, along with many other similar homes across Maine.

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Articles, Community, Development |

Lewiston’s Tree Streets Neighborhood Receives $2.5 Million Boost

Lewiston’s Tree Streets neighborhood in Maine received another boost with a $2.5 million grant from the U.S. Department of Housing and Urban Development (HUD). This funding supports the first phase of the “Growing Our Tree Streets Transformation Plan,” which includes the renovation of Wedgewood Mansion and the construction of 82 new rental homes across nine buildings on Pine, Pierce, Bartlett, and Walnut streets.

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Articles, Blogs, Community, Development |

Champlin Place Grand Opening: A New Home for Rochester, New Hampshire Seniors

Champlin Place, a newly constructed affordable housing community in Rochester, New Hampshire, recently celebrated its grand opening. This development, designed for residents aged 62 and over and built by EasterSeals New Hampshire, offers 65 one- and two-bedroom apartments, all of which are already occupied, with a waiting list now in place. The independent living center includes amenities such as common rooms, laundry facilities, and a lending library.

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Articles, Community |

Evernorth Welcomes Executive Vice President & Chief Program Officer

We are happy to announce that Cynthia (Cindee) Lacasse has accepted Evernorth’s newly created position of Executive Vice President and Chief Program Officer. Ms. Lacasse will be joining us beginning May 29th. Cindee is an affordable housing industry leader with deep transactional knowledge and a commitment to Evernorth’s mission. She will be based in Portland and serve a key, externally-facing role with Evernorth’s investors, developers, and funders.

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Articles, Press Releases |

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.

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Articles, Press Releases |

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.

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Articles, Press Releases |

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.

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