HOUSING VERMONT
Housing Vermont, operating as Evernorth, is a 1988-founded nonprofit that finances, develops, and preserves affordable housing and community investments for low- and moderate-income people across Maine, New Hampshire, and Vermont through LIHTC equity funds, a below-market loan fund, and an NMTC program.
- Company typePrivate
- Founded1988
- HeadquartersBurlington, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What HOUSING VERMONT does
Evernorth (previously Housing Vermont) is a Vermont-based nonprofit syndication and development company founded in 1988 that finances, develops, and preserves affordable housing and community investments for low- and moderate-income people across Maine, New Hampshire, and Vermont. The organization operates a multi-product platform comprising equity investing via Low Income Housing Tax Credit (LIHTC) funds, the Evernorth Loan Fund providing below-market financing, the Evernorth Rural Ventures New Markets Tax Credit (NMTC) program, and direct co-development of affordable housing properties in partnership with local developers such as Downstreet Housing & Community Development. Supporting service lines include energy efficiency consulting and the proprietary Parsons Platform for energy performance data, plus asset management and deal structuring consulting for affordable housing developers.
The business model is mission-driven and partnership-led rather than commercial SaaS: Evernorth raises equity capital from institutional and individual investors, channels it through tax credit syndication and below-market loans, and deploys it into affordable housing and community development projects across northern New England. Revenue mechanics rely on syndication/asset management fees on the $1.6B+ in equity capital deployed to date, interest income from the Loan Fund, allocation-driven economics from the $240M+ NMTC program, and professional services fees for energy and consulting engagements. The organization is governed by a nonprofit charter, has no parent company, and operates from regional headquarters in Burlington, VT and Portland, ME.
HOUSING VERMONT firmographics
Firmographics- Name
- HOUSING VERMONT
- Legal name
- Evernorth
- Website
- https://hvt.org
- Company type
- Private
- Founded year
- 1988
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Housing Vermont, operating as Evernorth, is a 1988-founded nonprofit that finances, develops, and preserves affordable housing and community investments for low- and moderate-income people across Maine, New Hampshire, and Vermont through LIHTC equity funds, a below-market loan fund, and an NMTC program.
- Ownership category
- akta.pro rank
HOUSING VERMONT industry classification
Industry- Product category
- Affordable Housing Development and Financing
- NAICS
- Lessors of Residential Buildings and Dwellings (53111)
- SIC
- Operators Of Apartment Buildings (6513), Real Estate (6500)
- akta.pro primary industry
- Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)
Keywords
Where HOUSING VERMONT is headquartered
LocationHeadquarters
- HQ city
- Burlington
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
HOUSING VERMONT business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Supply Chain
Revenue model
- Equity Investing / Syndication: Evernorth raises and deploys equity capital through Low Income Housing Tax Credits (LIHTC) and other federal and state tax credits. Investors receive tax benefits and positive returns while the organization channels capital into affordable housing development. Evernorth has raised and deployed over $1.6B in equity capital through this mechanism.
- Evernorth Loan Fund: Provides below market interest rates and innovative financing solutions to developers and affordable housing owners. Generates revenue through interest on loans issued to support development and preservation of affordable housing in Maine, New Hampshire, and Vermont.
- New Markets Tax Credits: Evernorth Rural Ventures operates the NMTC program which has created favorable financing in excess of $240 million for economic development projects. Revenue generated through allocation and deployment of NMTCs.
- Consulting Services: Provides consulting services including asset management advising, expertise in deal structuring and oversight, and technical assistance for affordable housing developers in Maine and New Hampshire.
- Energy Services: Energy efficiency consulting and services for their own projects and external clients, helping to reduce affordable housing costs through improved energy performance.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Below-market interest rate financing for affordable housing developers and owners |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels6 records
HOUSING VERMONT product offering
Product offeringCore offering
Evernorth (formerly Housing Vermont) is a nonprofit organization that develops, finances, and preserves affordable housing and community investments for low and moderate income people in Maine, New Hampshire, and Vermont. Core offerings include affordable housing development, Low Income Housing Tax Credit equity investing, New Markets Tax Credit financing for rural economic development, below-market lending through the Evernorth Loan Fund, energy efficiency services, and consulting on asset management and deal structuring.
Product overview
Evernorth is a nonprofit organization offering a comprehensive portfolio of affordable housing and community development products and services. The core offerings include Affordable Housing development, Equity Funds (using Low Income Housing Tax Credits), Evernorth Rural Ventures (New Markets Tax Credits), and the Evernorth Loan Fund. Supporting services include Energy Services with the Parsons Platform for energy efficiency data management, and Consulting Services for asset management and deal structuring. The organization operates Housing New England Fund VII as its second largest fund, providing equity financing across northern New England.
Differentiator
Problem solved
Functional benefit
Brands
- Evernorth Rural Ventures: New Markets Tax Credit program that creates favorable financing for economic development projects in low income areas
- Evernorth Loan Fund
- Housing New England Fund VII
- Parsons Platform
Products and services
- Affordable Housing Development Development and preservation of affordable rental housing for low and moderate income households in northern New England, including direct co-ownership of properties with local community development partners such as Downstreet Housing & Community Development.
- Evernorth Equity Funds (LIHTC Equity Investing) Syndication of Low Income Housing Tax Credit equity funds to institutional and individual investors; equity is deployed into affordable housing developments across northern New England, including Housing New England Fund VII.
- Evernorth Rural Ventures (New Markets Tax Credit Program) Allocation of New Markets Tax Credits to businesses, manufacturers, and nonprofits in low income census tracts of northern New England to support economic development, facility construction, and growth in underserved communities.
- Evernorth Loan Fund Below-market and innovative financing solutions provided directly to affordable housing developers and owners in Maine, New Hampshire, and Vermont to support development and preservation projects.
- Energy Services Energy efficiency consulting and implementation services that reduce affordable housing operating costs for Evernorth's own developments and external affordable housing clients.
- Affordable Housing Consulting Services Professional consulting services for affordable housing developers in Maine and New Hampshire covering asset management advising, deal structuring, oversight, and technical assistance.
Companies that use HOUSING VERMONT
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles3 records
HOUSING VERMONT technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
HOUSING VERMONT partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered major and core.
- Bangor Region YMCAmajorEvernorth Rural Ventures closed a $9 million NMTC allocation for the construction of a new 82,000 square foot community center. The project expands access to childcare, healthcare, youth programming, and wellness services, aligning with Bangor's downtown revitalization goals.
- Downstreet Housing & Community DevelopmentcoreCo-owners and co-developers of Marsh House Apartments in Waterbury, Vermont. This partnership demonstrates Evernorth's collaborative approach to affordable housing development, combining local community development expertise with Evernorth's financing capabilities to create 26 permanently affordable apartments for low- and moderate-income households.
Scale indicators8 records
Recent moves5 records
Expansion highlights5 records
HOUSING VERMONT competitors and assessment
Company assessmentDirect peers
- National Equity Fund: National Equity Fund is one of the largest LIHTC syndicators in the U.S., providing equity capital for affordable housing development. It competes directly with Evernorth's Housing New England funds for institutional investors and developer relationships, although it operates nationally rather than regionally.
- Enterprise Community Partners: Enterprise Community Partners is a major nonprofit syndicator and developer of affordable housing, deploying LIHTC equity nationally. It competes with Evernorth for developer partnerships, investor capital, and influence over affordable housing policy, though with broader geographic and capital deployment scale.
- Champlain Housing Trust: Champlain Housing Trust is a Burlington, Vermont-based nonprofit affordable housing provider and shared equity program operator. It is directly comparable to Evernorth in mission (creating permanently affordable housing in northern New England), operating model (nonprofit), and geographic service area (Vermont).
- NeighborWorks America: NeighborWorks America is a national network of affordable housing and community development nonprofits. Comparable to Evernorth in providing technical assistance, lending capital, and development support for affordable housing, though it operates as a network/intermediary rather than a single regional syndicator.
- Housing Investment Group (Cinnaire): Cinnaire is a nonprofit LIHTC syndicator and community development financial institution operating in the Midwest and Mid-Atlantic. It is comparable to Evernorth as a regional nonprofit affordable housing syndicator deploying LIHTC equity and below-market financing, though focused on different geographies.
- Capital Impact Partners: Capital Impact Partners is a community development financial institution providing financing and technical assistance for affordable housing and community development. Comparable to Evernorth in deploying capital into underserved communities and providing developer support services.
Broad incumbents
- RBC Capital Markets (LIHTC Syndication): RBC's affordable housing group is a major LIHTC syndicator and financial institution serving the affordable housing capital stack. It is comparable to Evernorth in providing equity investment for affordable housing, but as a large incumbent financial institution with national reach and broader service offerings.
- Boston Financial Investment Management: Boston Financial is a large LIHTC syndicator and affordable housing investment manager owned by ORIX Corporation. It is comparable to Evernorth as an institutional LIHTC equity provider, though it operates nationally with a broader investor base and larger fund vintages.
Regional players
- Vermont Housing & Conservation Board: VHCB is a Vermont-based quasi-governmental nonprofit that finances affordable housing and conservation projects in Vermont. It is comparable to Evernorth's Vermont operations in providing affordable housing financing and policy leadership in the same state, though with different capital sources (state funding rather than LIHTC equity).
- MaineHousing: MaineHousing is the State of Maine's housing finance authority providing affordable housing financing, rental assistance, and development support. It is comparable to Evernorth's Maine operations in financing affordable housing in the same geography, though as a state agency rather than a private nonprofit syndicator.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
HOUSING VERMONT social profiles
Digital presenceHOUSING VERMONT financial estimates
Financial estimateRevenue estimate
Valuation estimate
HOUSING VERMONT leadership team
Management profileNumber of profiles
HOUSING VERMONT funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
HOUSING VERMONT M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about HOUSING VERMONT
What does HOUSING VERMONT do?
Evernorth (formerly Housing Vermont) is a nonprofit organization that develops, finances, and preserves affordable housing and community investments for low and moderate income people in Maine, New Hampshire, and Vermont. Core offerings include affordable housing development, Low Income Housing Tax Credit equity investing, New Markets Tax Credit financing for rural economic development, below-market lending through the Evernorth Loan Fund, energy efficiency services, and consulting on asset management and deal structuring.
Is HOUSING VERMONT a public or private company?
HOUSING VERMONT is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was HOUSING VERMONT founded?
HOUSING VERMONT was founded in 1988. It employs 11 to 50 people.
Where is HOUSING VERMONT based?
HOUSING VERMONT is headquartered in Burlington, United States, in the North America region.
How does HOUSING VERMONT make money?
Five revenue lines are on record. Equity Investing / Syndication is the primary driver. The others are evernorth Loan Fund, new Markets Tax Credits, consulting Services and energy Services.
Who are HOUSING VERMONT's main competitors?
Direct peers on record are National Equity Fund, Enterprise Community Partners, Champlain Housing Trust, NeighborWorks America, Housing Investment Group (Cinnaire) and Capital Impact Partners. Broad incumbents are RBC Capital Markets (LIHTC Syndication) and Boston Financial Investment Management. Regional players are Vermont Housing & Conservation Board and MaineHousing.
Does HOUSING VERMONT have an API?
No public API is recorded for HOUSING VERMONT.
What industry is HOUSING VERMONT in?
HOUSING VERMONT's product category is Affordable Housing Development and Financing. Its primary akta.pro industry code is BPAGALAC, Affordable Housing & Community Development (Housing, Community Land Trusts). Its NAICS code is 53111 and its SIC code is 6513.