News & Ideas

Development, Press Releases | 6/28/23

Morrisville Celebrates the Opening of 24 New Affordable Apartments in the Heart of Downtown

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.”

Development, Press Releases | 6/6/23

Morrisville Celebrates the Opening of 25 New Affordable Apartments Near Downtown

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.

Development, Press Releases | 7/22/22

Joint Public Statement: Bemis Block Apartments Accidental Fire

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.

Development, Press Releases | 7/5/22

Joint Public Statement: Village Center Apartments Affordable Housing Construction Site Fire

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.

Development, Press Releases | 6/15/22

Stowe Celebrates the Opening of New Affordable Apartments Located in Stowe Village

FOR IMMEDIATE RELEASE:
June 14, 2022

[Stowe, Vermont] – Tuesday morning brought together residents, funders, community members, local legislators and two affordable housing organizations to celebrate the completion of 9 new homes and to officially kick-off the second phase of River Bend Apartments.

River Bend Apartments represents the first opportunity that Lamoille Housing Partnership (LHP) and Evernorth have had to develop affordable housing in Stowe in 10 years. These energy efficient, affordable homes will provide much-needed housing and combine both preservation of existing apartments and new construction in order to best meet the needs of the community.

Development, Press Releases | 3/7/22

Evernorth Closes Third Multi-Investor Fund

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.

Development, Press Releases | 9/8/21

Evernorth Rural Ventures Awarded $60 Million in New Markets Tax Credits

FOR IMMEDIATE RELEASE:
September 2, 2021

The U.S. Treasury Department announced on Wednesday that Evernorth Rural Ventures, a subsidiary of Evernorth, was awarded a $60 million allocation of New Markets Tax Credits (NMTC) to continue its successful economic development work in low-income areas.

Development, Press Releases | 8/20/21

Construction Begins on New Affordable Housing in Downtown Morrisville

FOR IMMEDIATE RELEASE:
August 20, 2021

Morrisville, VT – Lamoille Housing Partnership (LHP) and Evernorth are pleased to announce construction is underway on Village Center Apartments, 24 new energy-efficient affordable apartments for low and moderate income residents in the heart of downtown Morrisville.