FOR IMMEDIATE RELEASE:
March 7, 2022
Evernorth closed its third multi-investor fund – Housing New England, Fund III – on March 4, 2022. This fund will provide equity to finance affordable housing in Maine, New Hampshire and Vermont.
21 investors committed a total of $82.5 million in equity making Housing New England, Fund III (HNE Fund III) a significant financial resource for the region’s critical affordable housing needs. HNE Fund III’s investors include community, regional and national banks as well as one of the nation’s largest mortgage banking organizations.