The New Markets Tax Credit Coalition’s latest national report highlights three recent ERV investments – one in Maine, New Hampshire, and Vermont! Evernorth Rural Ventures (ERV) leverages its NMTC resources to invest in the economic and social well-being of communities. These critical NMTC investments support job creation, essential goods and services, and key community developments benefiting low-income people and communities.
Seaport Community Health Center (Belfast, Maine)
In 2024, Evernorth Rural Ventures closed an $8.9 million New Markets Tax Credit (NMTC) investment for Penobscot Community Health Care’s expansion of the Seaport Community Health Center in Belfast, Maine. This investment supported the clinic’s capacity to serve the growing medically underserved population in the area. (See more in Evernorth press release here: Evernorth Rural Ventures Closes $8.9 Million New Markets Tax Credit Investment to Expand Penobscot Community Health Care’s Seaport Community Health Center – Evernorth)
Hundred Nights Emergency Shelter (Keene New, Hampshire)
In 2023, Evernorth Rural Ventures closed a $7.1 million NMTC investment to expand Hundred Nights Emergency Shelter and Resource Center in Keene, New Hampshire. The new facility doubled the shelter’s capacity, increasing emergency beds from 24 to 48, allowing the shelter and resource center to better serve low-income individuals and families experiencing or at risk of homelessness. (See more in Evernorth press release here: Evernorth Rural Ventures Closes $7.1 million New Markets Tax Credit Investment to Expand Hundred Nights Emergency Shelter and Resource Center – Evernorth)
The Yellow Barn Business Accelerator (Hardwick, Vermont)
In 2023, Evernorth Rural Ventures and Massachusetts Housing Investment Corporation closed a $11.4 million NMTC investment to support the Yellow Barn Business Accelerator in Vermont. This included rehabilitating the historic Yellow Barn and constructing a new food accelerator building to strengthen the local food system with tenants like Jasper Hill Farm and the Center for an Agricultural Economy. (See more in Evernorth press release here: $11.4 Million in New Markets Tax Credit Allocation Secured for the Redevelopment of the Iconic “Yellow Barn” in Hardwick, VT – Evernorth)
Learn more about each project in the report here: ‘The NMTC: At Work in Communities Across America’!The NMTC: At Work in Communities Across America (2024) – New Markets Tax Credit Coalition
