News & Ideas

Community, Development, Press Releases | 10/1/26

Evernorth Investment Helps Bring New Hope’s House Shelter to Brattleboro

FOR IMMEDIATE RELEASE
September 30, 2026

[BRATTLEBORO, VT] – Evernorth is helping expand shelter capacity in southern Vermont through its $7 million investment in Hope’s House, a new 8,000-square-foot shelter developed by Groundworks Collaborative in Brattleboro, Vermont. The purpose-built facility includes 40 beds, a 33% increase over previous shelter capacity, as well as kitchen facilities, personal storage, meeting space, and dedicated areas for case management and supportive services. 

Community, Development, Press Releases | 10/1/26

Community Celebrates Grand Opening of 25 Permanently Affordable Apartments in Downtown Putney

FOR IMMEDIATE RELEASE
September 30, 2026

[Putney, VT] Today, the Putney community celebrated the grand opening of Alice Holway Drive Apartments with a community celebration and ribbon cutting ceremony. Co-owners and co-developers, Windham & Windsor Housing Trust (WWHT) and Evernorth partnered to develop these 25 newly constructed, highly energy-efficient, and permanently affordable apartments in Putney, Vermont.

Community, Development, Press Releases | 9/17/26

Evernorth Invests in Major Expansion of Ashland Sawmill

FOR IMMEDIATE RELEASE
September 17, 2026

Irving Forest Products, Inc., a subsidiary of J.D. Irving, Limited,is undertaking a modernization project to expand its Ashland Sawmill in Nashville Plantation, Maine. The project will increase production while building on the mill’s history of contributing to the economic resiliency of the Aroostook community.

When complete, the project will double the facility’s annual lumber production capacity from 130 million to 250 million board feet while strengthening its role as a leading manufacturer of dimensional lumber.  The project is expected to create and retain the equivalent of 220 permanent, full-time jobs while supporting upstream workers, including foresters and loggers throughout the region. All jobs provide a full benefits package and pay at or above a living wage for Aroostook County.

Community, Development, Press Releases | 9/4/26

Nonprofit developers Champlain Housing Trust and Evernorth Host Ribbon Cutting at South Winooski Avenue property

FOR IMMEDIATE RELEASE
September 4, 2026

[Burlington, VT] Senator Bernie Sanders headlined a ribbon cutting event on marking the completion of 38 permanently affordable apartments, a new Veterans’ Center, and space for the Chittenden County Community Justice Center. The Howard Plant VFW Post 782 sold the building to the Champlain Housing Trust to make way for the new development and will operate out of the building. Evernorth was a co-developer of the building.

Community, Development, Press Releases | 8/10/26

Community Celebrates Grand Opening of 30 Permanently Affordable Apartments in Rutland City

FOR IMMEDIATE RELEASE
August 6, 2026

[Rutland, VT] On August 6, the Rutland community celebrated the ribbon cutting of Maplewood Commons Apartments. Co-owners and co-developers Cornerstone Housing Partners and Evernorth partnered to develop Maplewood Commons Apartments, the new construction of 30 permanently affordable homes which provides essential housing and services for low- and moderate-income households near the city center of Rutland, Vermont.

Community, Development, Press Releases | 6/17/26

Evernorth Invests $9 Million to Redevelop Bangor Region YMCA

FOR IMMEDIATE RELEASE
June 17, 2026

Bangor, Maine – Evernorth Rural Ventures closed a $9 million allocation of New Markets Tax Credits (NMTC) for the construction of a new 82,000 square foot community center for the Bangor Region YMCA. The new facility will significantly expand access to childcare, healthcare, youth programming, and wellness services, aligning with the city of Bangor’s downtown revitalization goals.

Community, Development, Press Releases | 6/10/26

Community Celebrates Grand Opening of 26 Permanently Affordable Apartments in Heart of Downtown Waterbury

FOR IMMEDIATE RELEASE
June 3, 2026

[Waterbury, VT] Today, the Waterbury community cut the ribbon to celebrate the opening of Marsh House Apartments. Co-owners and co-developers, Evernorth and Downstreet Housing & Community Development partnered on Marsh House Apartments which provides essential housing and services for 26 low- and moderate-income households in Waterbury, Vermont.

Community, Development, Press Releases | 4/21/26

Evernorth Closes Housing New England, Fund VII

FOR IMMEDIATE RELEASE
April 21, 2026

Evernorth closed Housing New England, Fund VII on April 2, 2026. This fund is the second largest in Evernorth’s history, providing crucial equity financing to support the development and preservation of affordable housing across Maine, New Hampshire, and Vermont at a time when the need for housing has never been more urgent.

Community, Development, Press Releases | 2/5/26

Evernorth Rural Ventures Invests $6.8 Million to Expand Trinity Jubilee Center Operations

FOR IMMEDIATE RELEASE
February 5, 2026

[Lewiston, Maine] – Evernorth Rural Ventures closed a $6.8 million allocation of New Markets Tax Credits (NMTCs) for the construction of a new 11,000 square foot facility to enhance and expand the Trinity Jubilee Center’s community impact. The new space will grow Jubilee’s ability to meet community needs for food and resource security, shower and laundry facilities, and other essential services, allowing Jubilee to serve more clients than ever before.

Community, Development, Press Releases | 2/3/26

Evernorth Rural Ventures Awarded $10.4 Million in New Markets Tax Credit Authority from the Finance Authority of Maine (FAME)

FOR IMMEDIATE RELEASE
February 3, 2026

On January 29, the Finance Authority of Maine (FAME) announced Evernorth Rural Ventures (ERV), a subsidiary of Evernorth, was awarded a $10.4 million allocation of New Markets Tax Credits (NMTC) authority to continue its successful economic and community development investment in low-income and rural areas across Maine. FAME’s Maine New Markets Capital Investment Program is designed to stimulate private investment and spur job growth in rural and underserved areas of the state.