Nothing illustrates the importance — and impact — of affordable housing and community development better than stories about the community itself. Learn about the people who develop and build the housing and the people who are built up because of it.
FOR IMMEDIATE RELEASE
January 8, 2025
[St. Johnsbury, VT]—Evernorth Rural Ventures (ERV) is pleased to announce the closing of $15 million in its New Markets Tax Credit (NMTC) allocation for the substantial expansion and improvement of the Weidmann Electrical Technology, Inc. (“Weidmann”) manufacturing and technology plant in St. Johnsbury, Vermont.
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.
FOR IMMEDIATE RELEASE
December 3, 2024
West Rutland, VT] – Today, the West Rutland community celebrated the groundbreaking of Marble Village Apartments. Co-owners and co-developers, The Housing Trust of Rutland County and Evernorth partnered on Marble Village Apartments which will provide essential housing for 24 low- and moderate-income households.
FOR IMMEDIATE RELEASE
November 15, 2024
[Putney, VT] – The proposed housing community on Alice Holway Drive in Putney is cleared to move forward. That was the ruling from the Vermont Supreme Court on November 15, 2024, siding with Windham & Windsor Housing Trust, owner of the property.
FOR IMMEDIATE RELEASE:
October 28, 2024
Colchester, Vermont – At the site of a former dormitory converted into affordable apartments, housing leaders and local officials released the annual Building Homes Together campaign scorecard documenting the number of homes and apartments created throughout Chittenden County in 2023.
We are pleased to announce that Rich Grogan has accepted the position as Evernorth’s Chief Financial Officer.
Rich has served as Executive Director of the Northern Border Regional Commission, driving economic and community development across Maine, New Hampshire, New York, and Vermont since 2019. He has also served in leadership roles at Community Capital of Vermont and the New Hampshire Small Business Development Center.
Stroudwater Apartments in Westbrook, Maine celebrated its grand opening and received recognition from both local and state representatives including from Maine Congresswoman Chellie Pingree, who applauded the development’s contribution to expanding affordable housing for older adults. The Stroudwater Apartments are for adults age 55-plus with household incomes at or below 60% of the area median income.
Catholic Charities NH broke ground on Vose Farm Residence which will bring 64 new affordable apartments to the town of Peterborough, New Hampshire.
Evernorth has invested in over 200 new affordable homes in Westbrook, Maine, all coming online this year.
This commentary was written by Kathy Beyer and originally published by VT Digger on October 3, 2024.
Unfortunately, Act 181 did nothing about the length of the appeal process in Vermont.
The newly restored historic Gafney Home in Rochester, NH, officially opened, providing 21 affordable apartments for people aged 62 and up. Congratulations to the Community Action Partnership of Strafford County and everyone who contributed to making this project a reality.
FOR IMMEDIATE RELEASE
September 17, 2024
[Springfield, MA] – Evernorth Rural Ventures, a subsidiary of Evernorth, is pleased to announce the closing of $14.3 million in New Markets Tax Credit (NMTC) allocation to create a larger, new state-of-the-art facility for Square One, a nonprofit early childhood education and care provider. The NMTC supports the construction of a new building dedicated to early learning classrooms and workforce development programming for families.
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