News & Ideas

Community, Development, Press Releases | 9/24/25

New Bay Ridge Neighborhood Celebrated in Shelburne, with Homes Affordable Forever

FOR IMMEDIATE RELEASE
September 24, 2025

[Shelburne, Vermont] – An effort years in the making culminated today in a ceremonial ribbon cutting ceremony in Shelburne, marking the transformation of a former motel which provided temporary housing for homeless Vermonters into a new neighborhood with affordable apartments and condominiums. Over a hundred people gathered to mark the occasion.

The new Bay Ridge neighborhood, developed by Champlain Housing Trust and Evernorth, includes 68 affordable apartments and 26 new affordable condominiums. All will become homes that will be affordable to generations of Shelburne residents – a hallmark of Vermont’s policy to safeguard taxpayer investment in affordable housing.

Community, Development, Press Releases | 8/8/25

Newest Affordable Housing Underway at Cambrian Rise in Burlington

FOR IMMEDIATE RELEASE
August 7, 2025

[Burlington, Vermont] – Officials gathered Thursday afternoon to mark the beginning of construction of 40 new permanently affordable apartments at Cambrian Rise, a new, mixed income neighborhood, situated between Burlington’s Old North End and New North End. The new building, 100 Cambrian Way, is being developed by Champlain Housing Trust (CHT) and Evernorth.

Community, Development, Press Releases | 8/6/25

Community Celebrates Grand Opening of 30 New Affordable Apartments in Heart of Berlin’s New Town Center

FOR IMMEDIATE RELEASE
August 6, 2025

[Berlin, VT] Today, the Berlin community celebrated the grand opening of Fox Run Apartments with a ribbon cutting celebration. Downstreet and Evernorth, the co-owners and co-developers, partnered to develop Fox Run Apartments to provide essential housing for 30 low- and moderate-income households in Berlin.

Community, Development, Press Releases | 7/31/25

Bennington High School Redevelopment Funding Finalized, Project Advances to Next Phase

FOR IMMEDIATE RELEASE
July 31, 2025

Bennington, VT – Evernorth is pleased to announce the closing of funding and capital investments for the redevelopment of Bennington High School (Benn High) in downtown Bennington, Vermont. The Benn High redevelopment project, which is sponsored by Vermont Housing Initiative, reinvigorates a vacant, two-story, historic school campus on Main Street, transforming it into both affordable housing and vital services for the community. Benn High is the result of years of diligent collaboration and planning among state and local business leaders, nonprofits, community advocacy groups, government officials and state housing and economic development agencies, alongside the long-time support of municipal officials and Bennington residents.

Community, Development, Press Releases | 7/1/25

Community Celebrates the Opening of 25 New Affordable Apartments in Downtown Windsor

FOR IMMEDIATE RELEASE
July 1, 2025

[Windsor, VT] Today, the Windsor community celebrated the official grand opening 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.

Community, Development, Press Releases | 6/6/25

Hinesburg Celebrates Ribbon Cutting for 24 New Affordable Apartments for Older Adults

FOR IMMEDIATE RELEASE
June 6, 2025

[Hinesburg, Vermont] – This week, the Hinesburg community celebrated the official grand opening of Kelley’s Field II. Co-owners and co-developers, Evernorth and Cathedral Square are pleased to welcome adults 55 and older to the 24 new permanently affordable apartments in Hinesburg, Vermont.

Community, Development, Press Releases | 5/21/25

Community Celebrates Groundbreaking of 30 Permanently Affordable Apartments in Rutland City

FOR IMMEDIATE RELEASE
May 21, 2025

[Rutland, VT] Today, the Rutland community celebrated the groundbreaking of Maplewood Commons Apartments. Co-owners and co-developers Cornerstone Housing Partners and Evernorth have partnered to develop Maplewood Commons Apartments, the new construction of 30 permanently affordable homes in Rutland, Vermont.

Community, Development, Press Releases | 5/5/25

Construction Underway on 25 New Affordable Apartments in Putney

FOR IMMEDIATE RELEASE
May 5, 2025

[Putney, VT] Today, the Putney community celebrated the groundbreaking of Alice Holway Drive 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 in Putney, Vermont.

Community, Development, Press Releases | 4/28/25

Sixty-Five Permanently Affordable Apartments Open at Fort Ethan Allen in Colchester

FOR IMMEDIATE RELEASE
April 28, 2025

Colchester, Vermont – Champlain Housing Trust and Evernorth celebrated with community members, state officials, and public funders at Fort Ethan Allen in Colchester Monday, marking the completion of 65 new permanently affordable apartments. The apartments, across three buildings, were completed in phases over the past five months.

Community, Development, Press Releases | 3/25/25

Evernorth Closes Multi-Investor Fund

FOR IMMEDIATE RELEASE
March 25, 2025

Evernorth closed Housing New England, Fund VI on March 19, 2025. This fund will provide equity to finance affordable housing in Maine, New Hampshire, and Vermont.

16 investors committed a total of $64,250,000 in equity making Housing New England, Fund VI (HNE Fund VI) a significant financial resource for the region’s critical affordable housing needs. HNE Fund VI’s investors include community, regional and national banks as well as one of the nation’s largest mortgage banking organizations.

Community, Development, Press Releases | 3/17/25

Community Celebrates Grand Opening of Ward 5 School Apartments

FOR IMMEDIATE RELEASE
March 17, 2025

[Barre, VT] Today a gathering of community members, funders, residents, state legislators, and others celebrated the official grand opening for the historic Ward 5 School Apartments. Co-owners and co-developers, Evernorth and Downstreet Housing and Community Development partnered to redevelop the historic Ward 5 School into 9 new permanently affordable homes that are part of the larger Granite City Apartments project, which also includes 18 newly renovated apartments in two buildings on Bromur Street.