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.

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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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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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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Evernorth Closes Multi-Investor Fund

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.

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Construction Underway on 25 New Affordable Apartments in Downtown Windsor

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.

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Evernorth Rural Ventures Closes $8.9 Million New Markets Tax Credit Investment to Expand Penobscot Community Health Care’s Seaport Community Health Center

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.

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Community Celebrates the Grand Opening of Affordable Apartments at Historic Tuttle Block in Downtown Rutland

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.

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