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
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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August 1, 2024
[Berlin, VT] – Today, the Berlin community marked the groundbreaking of Fox Run Apartments with a celebration. Co-owners and co-developers, Downstreet and Evernorth partnered to develop Fox Run Apartments which will provide essential housing for 30 low- and moderate-income households in Berlin.
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July 29, 2024
[Burlington, VT] COTS and Evernorth were joined by Senator Peter Welch, residents, funders, and community members on Monday to cut the ribbon on Main Street Family Housing, 16 permanently affordable homes for families formerly living in emergency shelters or motels.
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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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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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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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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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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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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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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.
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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.
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