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.
FOR IMMEDIATE RELEASE
December 4, 2023
[Colchester, Vermont] – The Champlain Housing Trust and Evernorth announced today the completion and occupancy of Stuart Avenue Apartments and the beginning of construction of 10th Cavalry Apartments which collectively will bring over 100 new permanently affordable apartments to the Town of Colchester.
FOR IMMEDIATE RELEASE:
October 23, 2023
Williston, Vermont – At a press conference at a newly-converted motel into housing, leaders of the Building Homes Together campaign issued its annual report card on progress towards reaching housing production and affordability goals for Chittenden County. As housing costs continue to escalate and rental vacancy rates consistently failing to exceed even 1%, falling short of housing and affordability goals means the region’s economy and people will continue to struggle.
FOR IMMEDIATE RELEASE
October 18, 2023
[Hinesburg, Vermont] – Cathedral Square and Evernorth are pleased to announce construction is underway on Kelley’s Field II, 24 new energy-efficient affordable apartments for adults 55 and older in Hinesburg.
Situated next to Kelley’s Field I, Kelley’s Field II is the second phase in the larger Kelley’s Field development project and will offer 24 energy-efficient apartments – 23 one-bedrooms and 1 two-bedroom apartment with a mix of affordable and market-rate rents.
FOR IMMEDIATE RELEASE
October 11, 2023
[Bristol, VT] Today, the Bristol community celebrated the official grand opening of Firehouse Apartments with a ribbon cutting and an apartment tour. Co-owners and co-developers, Addison Housing Works and Evernorth partnered to develop Firehouse Apartments which will serve 20 low- and moderate-income households in downtown Bristol, close to amenities, recreational opportunities and community services.
FOR IMMEDIATE RELEASE
September 27, 2023
On Friday, September 22, 2023, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI) announced Evernorth Rural Ventures, a subsidiary of Evernorth, was awarded a $60 million allocation of New Markets Tax Credits (NMTC) to continue its successful economic and community development work in low-income areas. This is Evernorth Rural Ventures’ 7th award.
FOR IMMEDIATE RELEASE
August 14, 2023
[Hardwick, VT] – Evernorth Rural Ventures and Massachusetts Housing Investment Corporation (MHIC) are pleased to announce the closing of $11.4 million in New Markets Tax Credit (NMTC) allocation for the redevelopment of the iconic “Yellow Barn” in Hardwick, Vermont. The NMTC funding supports the construction of a new 25,137 square foot food business accelerator building and the adaptive reuse of the vacant, historic 4,762 square foot yellow dairy barn for use as a retail shop, collectively called the Yellow Barn Business Accelerator.
FOR IMMEDIATE RELEASE
July 21, 2023
[Purney, VT] The Vermont Supreme Court has rejected the latest appeal by opponents of a proposed affordable housing community on Alice Holway Drive in Putney. The ruling by the state’s highest court affirms the Environmental Court’s decision earlier this year rejecting an appeal to the project’s zoning permit.
It marks the latest chapter of a 16-month legal process that began in March 2022 when an appeal was filed contesting the permit and delaying progress of the 25-unit mixed income development.
FOR IMMEDIATE RELEASE
July 14, 2023
[Keene, NH] Evernorth Rural Ventures, a subsidiary of Evernorth, is pleased to announce the closing of a $7.1 million New Markets Tax Credit (NMTC) investment to construct a 15,180 square foot, modern, 48-bed emergency shelter and resource center in Keene, New Hampshire. The new facility, is nearing completion and will allow the nonprofit Hundred Nights, Inc. (HN) to centralize, consolidate, and increase their shelter and resource center to better serve low-income individuals and families experiencing or at risk of homelessness.
FOR IMMEDIATE RELEASE
June 27, 2023
[Morrisville, Vermont] – Today, the Morrisville community celebrated the official grand opening of Village Center Apartments with a ribbon cutting, apartment tours, ice-cream and face painting. Lamoille Housing Partnership (LHP) and Evernorth partnered to repurpose an infill lot and develop this highly energy efficient, multifamily apartment building in downtown Morrisville, close to amenities, recreational opportunities, and community services.
Village Center Apartments includes 24 new affordable homes for low- and moderate-income residents, including 6 apartments that are reserved for households facing homelessness, right in the heart of downtown Morrisville.
“Village Center Apartments will reinvigorate Morrisville’s downtown, supporting the community’s continued success and vibrancy into the future, remarked Jim Lovinsky, LHP’s Executive Director. “We believe that success starts at home, and Village Center Apartments creates opportunities for all community members to thrive.”
FOR IMMEDIATE RELEASE
June 5, 2023
[Morrisville, Vermont] – On Monday afternoon residents, funders, community members, local legislators and two affordable housing organizations came together to celebrate the completion of Gordon Lane Apartments – 25 affordable homes in two new buildings, including 4 apartments that are reserved for households facing homelessness, within walking distance of downtown Morrisville.
Evernorth and Lamoille Housing Partnership (LHP) have a successful history of building affordable housing together – and the completion of Gordon Lane Apartments once again highlights the power of partnerships in creating transformative properties that positively impact communities.
FOR IMMEDIATE RELEASE:
July 22, 2022
[Morrisville, Vermont] – On Wednesday, July 20th at 9:30AM, a fire broke out in an apartment in the Bemis Block Apartments building located in downtown Hardwick. The fire was caused by a lit candle in a resident’s apartment. The sprinkler system immediately doused the fire which successfully prevented it from spreading throughout the building and endangering other residents. Area firefighters and emergency crews responded to the site quickly. Upon assessment of the scene, firefighters turned off the sprinkler system. Firefighters remained on site and were joined by building management technicians and clean up professionals to assess the damage.
No injuries to people or property damages in the vicinity related to the fire are known at this time. A building assessment is underway by insurance professionals. The cause of the fire is known and not considered suspicious. Assessment and clean-up efforts are ongoing.
FOR IMMEDIATE RELEASE:
July 5, 2022
[Morrisville, Vermont] – At 8:00 AM on Sunday, July 3, a passerby in downtown Morrisville noticed a fire at the Village Center Apartments affordable housing development and contacted emergency responders. Area fire departments responded quickly. Firefighters successfully contained and put out the fire, and remained on site for several hours to ensure that the fire did not reignite.
Village Center Apartments is currently under construction and does not have residents residing in it presently. Work crews were not at the job site the day of the fire. No injuries to people or property damages in the vicinity related to the fire are known at this time.
Copyright © 2024 Evernorth.