News & Ideas

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.

Development, Press Releases | 8/13/21

Upper Valley Community Celebrates Completion of Affordable Apartments at Wentworth Community Housing in White River Junction

FOR IMMEDIATE RELEASE:
August 11, 2021

White River Junction, VT – Wednesday morning brought together residents, funders, community members, local legislators and two affordable housing organizations to celebrate the completion of the second phase of Wentworth Community Housing, 17 mixed-income apartments in White River Junction and four new apartments located a few miles away in the Village of Wilder.

Development, Press Releases | 5/6/21

New Avenue Reconstruction Brings New Opportunities to St. Johnsbury Community

FOR IMMEDIATE RELEASE:
April 22, 2021

SAINT JOHNSBURY—Nearly one year into the substantial rehabilitation work on the former Depot Square Apartments, now known as New Avenue, the project has brought substantial changes to the building and to the community it will once again serve.