What is Evernorth?
Evernorth operates as a unified force, integrating the missions of Housing Vermont and the Northern New England Housing Investment Fund. With a combined legacy spanning three decades, the organization has been instrumental in raising and deploying over $1 billion in equity capital. Its core objective is to foster affordable housing development, having successfully facilitated the construction of more than 13,000 homes for individuals and families with low to moderate incomes throughout Northern New England. This extensive track record positions Evernorth as a pivotal player in addressing regional housing needs.
How much funding has Evernorth raised?
Evernorth has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
What's next for Evernorth?
The recent major strategic investment signifies Evernorth's continued momentum in its large-scale, late-stage funding phase. This capital is expected to fuel further expansion of its affordable housing initiatives and community investment programs. As Evernorth continues to scale its operations, strategic partnerships and continued financial backing will be crucial for sustaining its mission of creating stable, affordable living environments and enhancing community well-being across its operational territories. The organization's commitment to impactful development suggests a focus on leveraging this investment for long-term sustainable growth and broader societal benefit.
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