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.
Jocelyn Place officially opened its doors, creating 60 new affordable apartments for adults aged 55 and older. The apartments are ideally situated in Scarborough, Maine, close to healthcare providers, grocery stores, banks, restaurants, retail, and recreational opportunities along with various other services.
FOR IMMEDIATE RELEASE
June 4, 2024
Evernorth closed Housing New England, Fund V on May 30, 2024. This fund will provide equity to finance affordable housing in Maine, New Hampshire and Vermont.
15 investors committed a total of $61,000,000 in equity making Housing New England, Fund V (HNE Fund V) a significant financial resource for the region’s critical affordable housing needs. HNE Fund V’s investors include community, regional and national banks.
Champlin Place, a newly constructed affordable housing community in Rochester, New Hampshire, recently celebrated its grand opening. This development, designed for residents aged 62 and over and built by EasterSeals New Hampshire, offers 65 one- and two-bedroom apartments, all of which are already occupied, with a waiting list now in place. The independent living center includes amenities such as common rooms, laundry facilities, and a lending library.
The Uptown, 60 affordable homes for older adults in Bath, Maine, celebrated its grand opening this month with a ribbon-cutting ceremony. Developed by the Szanton Compnay for residents 55 and older, the project involved new construction, adaptive reuse, rehab of existing housing, historic preservation and commercial space.
FOR IMMEDIATE RELEASE
May 6, 2024
[Windsor, VT] Today, the Windsor community celebrated the groundbreaking of Central and Main Apartments. Co-owners and co-developers, Windham & Windsor Housing Trust (WWHT) and Evernorth partnered to develop these 25 newly constructed, highly energy-efficient, and permanently affordable apartments on Main Street in the heart of the Designated Downtown.
The Penacook neighborhood in Concord, New Hampshire, celebrated the ribbon-cutting of Penacook Landing Phase II. This expansion adds 20 new affordable homes, completing the two-building affordable housing community situated along the Contoocook River. Developed by The Caleb Group, Penacook Landing addresses the region’s pressing housing needs. Evernorth is proud to have invested in this transformative project, which highlights the importance of collaboration in meeting affordable housing challenges.
FOR IMMEDIATE RELEASE
February 29, 2024
[Belfast, ME] – Evernorth Rural Ventures, a subsidiary of Evernorth, is pleased to announce the closing of an $8.9 million New Markets Tax Credit (NMTC) investment for the expansion of Penobscot Community Health Care’s (PCHC) Seaport Community Health Center (SCHC) in Belfast, Maine. The NMTC financing is Evernorth Rural Ventures first investment in Maine and will allow SCHC to respond to a growing medically underserved population.
Congratulations to the Harrison Ridge team on a successful grand opening! Developed by the Developer’s Collaborative, these 48 new affordable apartments for adults 55 and older in Bridgton, Maine, mark a step forward in addressing the housing needs of older adults. Evernorth is a proud equity investor in these homes.
Developed and managed by Easterseals New Hampshire, Champlin Place offers 65 newly constructed affordable homes for older adults in Rochester, NH, and is one important step in addressing the need for more affordable housing options in the state. Evernorth is a proud equity investor in these new homes.
FOR IMMEDIATE RELEASE
December 5, 2023
[Rutland, Vermont] — On Tuesday, a gathering of community members, funders, residents, state legislators, and others celebrated the official grand opening for the newly renovated Tuttle Block Apartments, situated in the heart of downtown Rutland. Located right on Center Street, the historic building now offers a total of 16 affordable apartments, with the renovation of the 13 original apartments and the conversion of the second-floor office space into 3 new apartments.
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.
Copyright © 2025 Evernorth.