News & Ideas

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.

Evernorth Closes Third Multi-Investor Fund

FOR IMMEDIATE RELEASE:
March 7, 2022

Evernorth closed its third multi-investor fund – Housing New England, Fund III – on March 4, 2022.  This fund will provide equity to finance affordable housing in Maine, New Hampshire and Vermont.

21 investors committed a total of $82.5 million in equity making Housing New England, Fund III (HNE Fund III) a significant financial resource for the region’s critical affordable housing needs. HNE Fund III’s investors include community, regional and national banks as well as one of the nation’s largest mortgage banking organizations.

Read More

Building Homes Together Campaign Announces Bold Five Year Plan

FOR IMMEDIATE RELEASE:
December 14, 2021

Burlington, Vermont – This morning the Building Homes Together campaign launched its second five year targets for making Chittenden County’s housing market healthier, more equitable, and more affordable. Supported by over 125 local leaders, the campaign’s goals include creating 5,000 new homes, with 1,250 permanently affordable, over the next five years. The new homes would include a combination of new rental and homeownership development.

Read More
Video Available

Brattleboro Celebrates Opening of Second Phase of Red Clover Commons Apartments – Completing the Red Clover Commons Neighborhood

FOR IMMEDIATE RELEASE:
November 15, 2021

[Brattleboro, VT] The completion of the second phase of Red Clover Commons represents the culmination of an important community building effort begun 10 years ago when Tropical Storm Irene severely flooded the 80 apartments at Melrose Terrace, a public housing development in West Brattleboro. This second phase at Red Clover Commons is comprised of 18 newly constructed homes for former residents of Melrose Terrace. The 3-story, energy efficient building offers 17 one- bedroom apartments and one two-bedroom apartment and completes the Red Clover Neighborhood.

Read More

Evernorth Rural Ventures Awarded $60 Million in New Markets Tax Credits

FOR IMMEDIATE RELEASE:
September 2, 2021

The U.S. Treasury Department announced on Wednesday that Evernorth Rural Ventures, a subsidiary of Evernorth, was awarded a $60 million allocation of New Markets Tax Credits (NMTC) to continue its successful economic development work in low-income areas.

Read More

Construction Begins on New Affordable Housing in Downtown Morrisville

FOR IMMEDIATE RELEASE:
August 20, 2021

Morrisville, VT – Lamoille Housing Partnership (LHP) and Evernorth are pleased to announce construction is underway on Village Center Apartments, 24 new energy-efficient affordable apartments for low and moderate income residents in the heart of downtown Morrisville.

Read More

Upper Valley Community Celebrates Completion of Affordable Apartments at Wentworth Community Housing in White River Junction

FOR IMMEDIATE RELEASE:
August 11, 2021

White River Junction, VT – Wednesday morning brought together residents, funders, community members, local legislators and two affordable housing organizations to celebrate the completion of the second phase of Wentworth Community Housing, 17 mixed-income apartments in White River Junction and four new apartments located a few miles away in the Village of Wilder.

Read More