Press Releases Archives - Page 4 of 5

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.

Community, Development, Press Releases | 12/14/21

Building Homes Together Campaign Announces Bold Five Year Plan

FOR IMMEDIATE RELEASE:
December 14, 2021

Burlington, Vermont – This morning the Building Homes Together campaign launched its second five year targets for making Chittenden County’s housing market healthier, more equitable, and more affordable. Supported by over 125 local leaders, the campaign’s goals include creating 5,000 new homes, with 1,250 permanently affordable, over the next five years. The new homes would include a combination of new rental and homeownership development.

Development, Press Releases | 12/8/21

Historic New Avenue Building is Officially Reopened in the Heart of Downtown St. Johnsbury

FOR IMMEDIATE RELEASE:
December 8, 2021

[St. Johnsbury, VT] Evernorth, RuralEdge, New Depot Square Commercial Properties, LLC, funders, elected officials and community members were among those that celebrated the much-anticipated re-opening of New Avenue that is already bringing new life and vitality to downtown St. Johnsbury.

Development, Press Releases | 11/17/21

Brattleboro Celebrates Opening of Second Phase of Red Clover Commons Apartments – Completing the Red Clover Commons Neighborhood

FOR IMMEDIATE RELEASE:
November 15, 2021

[Brattleboro, VT] The completion of the second phase of Red Clover Commons represents the culmination of an important community building effort begun 10 years ago when Tropical Storm Irene severely flooded the 80 apartments at Melrose Terrace, a public housing development in West Brattleboro. This second phase at Red Clover Commons is comprised of 18 newly constructed homes for former residents of Melrose Terrace. The 3-story, energy efficient building offers 17 one- bedroom apartments and one two-bedroom apartment and completes the Red Clover Neighborhood.

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.

Development, Press Releases | 4/20/21

Evernorth and Springfield Housing Authority Announce Opening of 20 New Apartments at Historic Woolson Block

FOR IMMEDIATE RELEASE: April 1, 2021

[SPRINGFIELD, VT] The Springfield Housing Authority (SHA) and Evernorth are pleased to announce that the Woolson Block in downtown Springfield is fully occupied. The renovations returned the historic property to its prominent origins and will contribute to the economic vitality of downtown Springfield.

Articles, Press Releases | 3/3/21

U.S. Treasury Awards Evernorth $950,000 to Support Affordable Housing

FOR IMMEDIATE RELEASE: February 25, 2021

On Monday, February 22, 2021, The U.S. Department of the Treasury’s Community Development Fund (CDFI Fund) awarded Evernorth $950,000 for the development of affordable housing in low income areas in New Hampshire and Maine.

With a prior $2M CMF award Housing Vermont (now part of Evernorth) financed over 900 units over the past five years. This new award will allow Evernorth to extend its financing program into New Hampshire and Maine where it has provided equity financing to 2,429 apartments in the past 5 years.

Articles, Press Releases | 2/24/21

Evernorth Closes Second Multi-Investor Fund

FOR IMMEDIATE RELEASE: February 19, 2021

Evernorth closed its second multi-investor fund – Housing New England, Fund II – on January 29, 2021. This fund will provide equity to finance affordable housing in Maine, New Hampshire and Vermont.

19 investors committed a total of $60.7 million in equity making Housing New England, Fund II (HNE Fund II) a significant financial resource for the region’s critical affordable housing needs.

Development, Press Releases | 10/30/20

Lyndonville Celebrates the Opening of 20 New Apartments

[Lyndonville, VT] On Thursday, October 29, the Lyndonville community celebrated the official grand opening of Olivia Place with a socially-distanced Pumpkin Walk named in memory of Olivia Beleau. RuralEdge and Evernorth (formerly NNEHIF & Housing Vermont) partnered to develop these 20 thoughtfully designed, energy-efficient apartments in two newly constructed buildings and are co-owners of Olivia Place.

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