Development Archives

Articles, Community, Development | 12/12/24

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.

Community, Development, Press Releases | 12/3/24

Community Celebrates Groundbreaking of 24 Affordable Apartments in Downtown West Rutland

FOR IMMEDIATE RELEASE
December 3, 2024

West Rutland, VT] – Today, the West Rutland community celebrated the groundbreaking of Marble Village Apartments. Co-owners and co-developers, The Housing Trust of Rutland County and Evernorth partnered on Marble Village Apartments which will provide essential housing for 24 low- and moderate-income households.

Community, Development, Press Releases | 11/18/24

Court Ruling Clears Way for Putney Housing Development to Move Forward

FOR IMMEDIATE RELEASE
November 15, 2024

[Putney, VT] – The proposed housing community on Alice Holway Drive in Putney is cleared to move forward. That was the ruling from the Vermont Supreme Court on November 15, 2024, siding with Windham & Windsor Housing Trust, owner of the property.

Community, Development, Press Releases | 10/29/24

Data shows Chittenden County Not Meeting Housing Targets

FOR IMMEDIATE RELEASE:
October 28, 2024

Colchester, Vermont – At the site of a former dormitory converted into affordable apartments, housing leaders and local officials released the annual Building Homes Together campaign scorecard documenting the number of homes and apartments created throughout Chittenden County in 2023.

Community, Development, Press Releases | 9/17/24

Evernorth Rural Ventures Closes $14.3 Million New Markets Tax Credit Investment to Create High Quality, Early Learning and Family Center

FOR IMMEDIATE RELEASE
September 17, 2024

[Springfield, MA] – Evernorth Rural Ventures, a subsidiary of Evernorth, is pleased to announce the closing of $14.3 million in New Markets Tax Credit (NMTC) allocation to create a larger, new state-of-the-art facility for Square One, a nonprofit early childhood education and care provider. The NMTC supports the construction of a new building dedicated to early learning classrooms and workforce development programming for families.

Articles, Community, Development | 9/16/24

Construction Begins on the Roosevelt School Affordable Housing Project in Keene, New Hampshire

We are excited to share that construction is underway to convert the historic Roosevelt School in Keene, New Hampshire, into 30 new affordable homes. These homes are one step forward in addressing Keene’s housing shortage.

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.

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