Rehabilitating multifamily affordable housing projects is an important yet complicated part of preserving affordable housing in many locales. Though this process becomes all the more challenging during a pandemic, there are many reasons that the affordable real estate development process has moved forward in Massachusetts and beyond despite these circumstances. Whether exi...

Over the past eight years, the Massachusetts Department of Housing and Community Development (DHCD) has crafted an innovative approach to financing the production of permanent supportive housing. Each year, DHCD holds a dedicated funding competition, the Supportive Housing for Vulnerable Populations round, to distribute capital funds as well as special project-based operat...

Massachusetts truly is fortunate that elected leaders consistently demonstrate their support for building affordable housing.  We received yet more evidence of this bicameral and bipartisan support on February 4th, when Governor Charlie Baker and Lt. Governor Karyn Polito announced $44 million in new funding awards for affordable housing projects across the Commonwealth. ...

On October 7, 2019, CEDAC offered a forum that explained how Section 202 owners can use RAD as a preservation tool for their Section 202 PRAC projects. Speakers included: Tom Davis, Director, Office of Recapitalization, US Department of Housing and Urban Development (HUD) Dan Rogers, Chief, Asset Management Division, Northeast Region, HUD Emily Cooper, Chief...

Two years ago, CEDAC launched the INSITES blog in anticipation of an important organizational milestone: our 40th anniversary.  We have enjoyed this opportunity to revisit our history and reflect on the events and the people who have led us to where we are today, and to highlight how community development in Massachusetts has evolved over four decades. This past spring...

As a public private community development financial institution, CEDAC’s technical assistance focuses on understanding the interplay between project development and public policy.  CEDAC’s staff includes experienced practitioners in the areas of affordable housing production and preservation, and community facility development serving the early education sector.  We ...

Last Wednesday, August 14th, a diverse group of stakeholders, including advocates, neighborhood residents, community developers, lenders, public officials, and partners at the city and state level, came together to celebrate an important achievement – the preservation of 97 units of affordable housing at Newcastle/Saranac Apartments in Boston’s Lower Roxbury neighborho...

Massachusetts Secretary of Housing and Economic Development Mike Kennealy has just completed a very special tour across the Commonwealth.  Over the course of eight days, he stopped in multiple communities to highlight 28 affordable housing projects in various stages of development across Massachusetts, and by doing so, he has demonstrated why the state remains a national ...

The highlight of the year for affordable housing production and preservation occurred on July 18th with the announcement of funding awards in the annual rental housing funding round to 28 affordable housing projects in Massachusetts. When Governor Baker signed the $1.8 billion Housing Bond bill last year – the largest the state has ever seen – it was clear that the Bak...

In partnership with the Massachusetts Housing Partnership (MHP) and Clark University, CEDAC launched a series of workshops with community development corporations (CDCs) in Worcester in order to develop a shared agenda for continued City and State investment in affordable housing projects. We recently completed the second year of these workshops, with topics derived from e...