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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
This article was written by Anne Galloway and originally published on July 30, 2020.
Housing Vermont is merging with a regional nonprofit group in order to expand access to capital for low-income housing, weatherization and economic development projects in rural areas across Vermont, New Hampshire and Maine.
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