Children’s Investment Fund is launching a technical assistance effort with the Department of Early Education and Care (EEC) to help the ECE/OST field with the U.S. Small Business Administration’s Paycheck Protection Program (PPP). On Monday, April 27, the second round of funding for the PPP ($310 billion) became available to small businesses, but the funding is in high...
EOEA, DHCD, CEDAC, and MassHousing Develop State Resources for Affordable Senior Housing Providers During COVID-19
Dear Owners and Managers of Affordable Senior Housing: We hope that you, your organizations and families are staying safe and healthy as we face the COVID-19 crisis together. We want to assure you that, despite these unprecedented circumstances, CEDAC continues to support the community by providing funding and technical assistance to non-profit affordable housing deve...
New England’s First LGBTQ-Friendly Senior Housing Initiated by Kuehn Planning Grant
Last November, the City of Boston chose a developer to turn the William Barton Rogers School, a former middle school in the City’s Hyde Park neighborhood, into 74 new units of affordable housing for seniors. And last month, the city announced that it would commit $2 million towards the completion of this project. While an adaptive reuse of a middle school into senior...
CEDAC Research Shows Far Fewer LIHTC Units Are at Risk of Losing Affordability than Predicted
Today, CEDAC released a new research study that shows far fewer units in the Commonwealth financed through the Low Income Housing Tax Credit (LIHTC) program are at risk of losing their affordability status than predicted. That’s good news for thousands of families across the Commonwealth. The study looked at 228 LIHTC-financed projects - 15,679 units – that went i...
State Awards New Funding for 11 Affordable Housing Projects Across Massachusetts
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. ...
EEC Commissioner Aigner-Treworgy Announces $6 Million in FY19 EEOST Awards
On December 19th at Village Market Place in Hyannis, Commissioner Aigner-Treworgy of the Massachusetts Department of Early Education and Care (EEC) announced $6 million in FY19 Early Education and Out of School Time (EEOST) Capital Fund awards. "Well-designed buildings, classrooms and play spaces help provide high-quality learning environments in which children grow and...
A Decade of Housing Preservation: Impact of the MacArthur Foundation Funding
In a highly competitive process among state and local jurisdictions across the country, Massachusetts was selected in 2009 to participate in the Windows of Opportunity initiative launched by the John D. and Catherine T. MacArthur Foundation. This MacArthur initiative intended to address the need for innovative solutions to preserve the long-term affordability of thousand...
Working Together to Invest in High-Quality Early Education and Care
At INSITES this week, Amy O’Leary – a member of the Children’s Investment Fund Board of Directors and the current director of Early Education for All, a campaign of Strategies for Children – shares why she believes in advocating for high-quality early education and care facilities across the Commonwealth. I have always had great admiration for the work of the C...
State-Funded Home Modification Loan Program Surpasses 3,000 Loans
The Home Modification Loan Program (HMLP) recently celebrated an important milestone, surpassing its 3,000th loan. As of June 30th, HMLP has committed a total of 3,195 loans. These loans have helped many Massachusetts residents make essential modifications to their houses that allow their household members with physical and cognitive limitations to remain at home. A sta...
CEDAC-Sponsored RAD for PRAC Forum on Preserving Existing Affordable Elderly Housing
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...