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Healey-Driscoll Administration Announces Funding Awards to 12 Supportive Housing Projects

Pictured from left: Gov. Healey, Undersecretary Maddox, Roger Herzog - CEDAC, Kate Racer, DHCD BOSTON (April 4, 2023) – In INSITES this week, the development of more supportive housing resources in Massachusetts is one of CEDAC’s most important initiatives in 2023, and part of our ongoing commitment to address homelessness and serve residents in need.  Wednesday...

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CEDAC Announces Q1 FY23 Lending Results with Exciting New Projects

BOSTON (November 17, 2022) – In INSITES this week, we are excited to share CEDAC’s lending results for the first quarter of Fiscal Year 2023 (July 1 – September 30, 2022). Our early-stage project lending will help to preserve or create over 900 units of affordable housing in 12 communities across Massachusetts. From Boston to Springfield, CEDAC works with community p...

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New CDC Leaders: Listening Deeply with Keith Fairey, President and CEO of Way Finders

Keith Fairey, President and CEO of Way Finders BOSTON (October 25, 2022) – The past decades have seen the steady rise and proliferation of Community Development Corporations (CDCs), organizations created with the goal of revitalizing neighborhoods that had fallen victim to economic hardship. Areas that had fallen into disarray following years of neglect were offered n...

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Baker-Polito Administration and CEDAC Award funding in 2022 Winter Rental Round to help create or preserve more than 1,474 units of affordable housing across Massachusetts

CEDAC committed predevelopment or acquisition financing to 6 of these projects - BOSTON, July 20, 2022 – The Community Economic Development Assistance Corporation (CEDAC) is proud to serve as a financing partner in the production or preservation of 11 supportive housing projects announced during the Baker-Polito Administration’s most recent Supportive Housing funding r...

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Baker-Polito Administration and CEDAC Award Funds to 11 New Supportive Housing Projects

CEDAC committed predevelopment or acquisition financing to 6 of these projects - BOSTON, July 20, 2022 – The Community Economic Development Assistance Corporation (CEDAC) is proud to serve as a financing partner in the production or preservation of 11 supportive housing projects announced during the Baker-Polito Administration’s most recent Supportive Housing funding r...

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CEDAC Commits Over $7.1 Million in Early-Stage Financing to Six Community Development Projects in Third Quarter of FY22

CEDAC is proud to report that we have committed $7,125,700 in early stage financing for the production and preservation of affordable housing in 6 projects during the third quarter of Fiscal Year 2022.   Across the Commonwealth, we continue to see a healthy pipeline of housing development projects in urban neighborhoods and high opportunity suburban communities.  CEDAC...

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Baker-Polito Administration Announces $63 Million for Affordable Housing Production

15 projects in 14 communities will create or preserve more than 700 units of rental housing BOSTON, 29, April 2022 – Community Economic Development Assistance Corporation (CEDAC) was delighted to join Housing and Economic Development Secretary Mike Kennealy in Gloucester on April 15th for the announcement of $63 million in new funding awards for 14 affordable housing pr...

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CEDAC Commits Over $13 Million in Early Stage Financing to 32 Community Development Projects in First Half of FY22

CEDAC is proud to report that we have committed $13,144,010 in early stage financing for the production and preservation of affordable housing in 32 projects during the first half of FY22. Despite the challenges of the pandemic, we continue to see strong demand for affordable housing projects in communities from Springfield to Topsfield to Winchendon. We look forward to su...

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Baker-Polito Administration Announces $139 Million in Funding to Produce and Preserve 1,346 Units of Affordable Housing

CEDAC staff were pleased to join Governor Baker in Lawrence on July 15th for his announcement of $139 million in new funding awards for affordable housing projects across the Commonwealth. The Governor was joined by Lt. Governor Polito, Executive Office of Housing and Economic Development (EOHED) Secretary Mike Kennealy, and Department of Housing and Community Develop...

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POUA and CICD’s 872 Morton Street Village Project Demonstrates How Affordable Housing Development Can Advance Racial Equity

Today, we announce that CEDAC recently committed $625,000 in predevelopment financing to 872 Morton Street Village in Boston’s Mattapan neighborhood. Planning Office for Urban Affairs, Inc. (POUA) and the Caribbean Integration Community Development (CICD) will create 40 units of mixed-income family housing, with 31 rental units and nine affordable homeownership units. Th...

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