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.

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.

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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.

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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.

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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. 

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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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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.

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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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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.

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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.

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