Community Archives - Page 2 of 5

Community, Development, Press Releases | 9/9/24

Evernorth Loan Fund Receives $10M Philanthropic Donation to Finance Affordable Housing

FOR IMMEDIATE RELEASE
September 6, 2024

[Burlington, VT] – Evernorth Loan Fund, a community development organization of Evernorth, is thrilled to announce a generous $10 million donation to support its efforts in financing affordable housing projects in Vermont. The donation comes from an anonymous Vermont philanthropic donor who shares Evernorth’s commitment to creating vibrant, healthy communities through the development of affordable housing.

Articles, Community, Development | 9/3/24

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.

Community, Development, Press Releases | 8/19/24

Former VFW to be Housing, Community Services with Assist from Senator Sanders

FOR IMMEDIATE RELEASE
August 16, 2024

[Burlington, VT] – United States Senator Bernie Sanders headlined a groundbreaking event today in Burlington marking the beginning of construction of 38 permanently affordable apartments, a new Veterans’ Center, and space for Burlington’s Community Justice Center.

Community, Development, Press Releases | 8/1/24

Construction Underway on 30 New Affordable Apartments in Heart of Berlin’s New Town Center

FOR IMMEDIATE RELEASE
August 1, 2024

[Berlin, VT] – Today, the Berlin community marked the groundbreaking of Fox Run Apartments with a celebration. Co-owners and co-developers, Downstreet and Evernorth partnered to develop Fox Run Apartments which will provide essential housing for 30 low- and moderate-income households in Berlin.

Community, Development, Press Releases | 7/29/24

Community Celebrates Opening of 16 Permanently Affordable Apartments for Families Exiting Homelessness in Downtown Burlington

FOR IMMEDIATE RELEASE
July 29, 2024

[Burlington, VT] COTS and Evernorth were joined by Senator Peter Welch, residents, funders, and community members on Monday to cut the ribbon on Main Street Family Housing, 16 permanently affordable homes for families formerly living in emergency shelters or motels.

Articles, Community, Development | 7/24/24

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.

Community, Development, Press Releases | 7/1/24

Developers, Officials Celebrate Groundbreaking for Bay Ridge, Shelburne’s Newest Neighborhood

FOR IMMEDIATE RELEASE
July 1, 2024

[Shelburne, VT] – Federal, State and local officials gathered today in Shelburne at the site of a former motel to announce the creation of a new neighborhood with nearly 100 permanently affordable homes and apartments. The new neighborhood, Bay Ridge, is being developed by Champlain Housing Trust in partnership with Evernorth.

Community, Development, Press Releases | 6/26/24

White River Junction Celebrates the Grand Opening of 42 New Affordable Apartments

FOR IMMEDIATE RELEASE
June 26, 2024

[White River Junction, VT] Today, the White River Junction community celebrated the official grand opening of 42 new affordable apartments downtown with a ribbon cutting and an apartment tour. The apartments, named Riverwalk Apartments, were developed by DEW Braverman with an agreement to sell the building to Twin Pines Housing and Evernorth. The apartments will remain affordable forever.

Articles, Community, Development | 6/25/24

Jocelyn Place Opens New Doors for Affordable Housing in Scarborough, Maine

Jocelyn Place officially opened its doors, creating 60 new affordable apartments for adults aged 55 and older. The apartments are ideally situated in Scarborough, Maine, close to healthcare providers, grocery stores, banks, restaurants, retail, and recreational opportunities along with various other services.

Community, Development, Press Releases | 6/4/24

Evernorth Closes Multi-Investor Fund

FOR IMMEDIATE RELEASE
June 4, 2024

Evernorth closed Housing New England, Fund V on May 30, 2024. This fund will provide equity to finance affordable housing in Maine, New Hampshire and Vermont.

15 investors committed a total of $61,000,000 in equity making Housing New England, Fund V (HNE Fund V) a significant financial resource for the region’s critical affordable housing needs. HNE Fund V’s investors include community, regional and national banks.

Articles, Blogs, Community, Development | 5/14/24

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.

Articles, Community, Development | 5/10/24

The Uptown Grand Opening: New Affordable Homes for Older Adults in Bath, Maine

The Uptown, 60 affordable homes for older adults in Bath, Maine, celebrated its grand opening this month with a ribbon-cutting ceremony. Developed by the Szanton Compnay for residents 55 and older, the project involved new construction, adaptive reuse, rehab of existing housing, historic preservation and commercial space.

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