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Home | Financing and Investing | New Market Tax Credit Impact Report 2022

New Market Tax Credit Impact Report 2022

About Evernorth

Evernorth is a nonprofit organization that provides affordable housing and community investments in Maine, New Hampshire, and Vermont. Evernorth has raised and deployed over $1 billion in equity capital for affordable housing and built more than 15,000 affordable homes for low- and moderate-income people across northern New England.

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Latest News

14Mar

Opinion: Kathy Beyer: Vermont’s clean-energy transition must address inherent inequities

This commentary was written by Kathy Beyer and originally published by VT Digger on January 11, 2023. Vermont is making strides toward a clean energy transition. But this clean energy transition does not ensure an equitable energy future.

20Dec

RuralEdge and Evernorth Celebrate Renovations and Construction Progress at Burkeland Lane

FOR IMMEDIATE RELEASE December 16, 2022 [West Burke, VT] Evernorth and RuralEdge were joined by community members, funders and local elected officials on Friday afternoon to celebrate newly renovated buildings and significant progress to a newly constructed building on Burkeland Lane. Burkeland Lane (formerly known as West Burke Housing and Pilgrim Manor) is a mixed-generation affordable housing property located in the heart of West Burke. West Burke village is a small, but thriving community fueled by tourism. The local rental market, like much of Vermont, has been affected by significant rent increases and the conversion of rental units into short-term rentals. These market realities make Burkeland Lane, which will remain permanently affordable, a critical community resource.

12Dec

Construction Begins on New Affordable Apartments for Families Experiencing Homelessness in Downtown Burlington

FOR IMMEDIATE RELEASE December 9, 2022 [Burlington, VT] The Committee on Temporary Shelter (COTS) and Evernorth were joined by Mayor Miro Weinberger, funders, and community members to mark the start of construction of deeply affordable housing for 16 families currently living in emergency shelters or motels. The new multifamily apartment building, named Main Street Family Housing, is being constructed on existing COTS property, adjoining their Main Street Family Shelter. “Evernorth is excited to be partnering with COTS on this critical downtown project, which not only creates sorely needed affordable housing, but also allows COTS to integrate its programs to better serve their clients,” said Evernorth Co-President Nancy Owens. “This affordable housing will provide a permanent benefit to the entire community.”

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