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.
This week, a ribbon-cutting celebration was held at Picker House Lofts, marking a brand-new chapter for the historic Continental Mill on Cedar Street in Lewiston, Maine. This redevelopment has transformed the formerly vacant building into 72 homes, offering a mix of market-rate and income-restricted apartments to meet the growing housing needs in the community.
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.
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.
[Charlestown, NH] Evernorth Rural Ventures is pleased to announce New Markets Tax Credit (NMTC) financing in support of GreenSource Fabrication LLC, a subsidiary of Whelen Engineering Company, Inc.
The financing will support GreenSource’s manufacturing expansion located in Charlestown, New Hampshire.
FOR IMMEDIATE RELEASE
February 10, 2025
[Waterbury, VT] Today, the Waterbury community celebrated the groundbreaking of Marsh House Apartments. Co-owners and co-developers, Evernorth and Downstreet Housing and Community Development partnered on Marsh House Apartments which will provide essential housing for 26 low- and moderate-income households in Waterbury, Vermont.
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.
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