Housing Programs
CEDAC Housing provides financing and expertise to non-profit, community-based developers looking to build or preserve quality affordable housing in Massachusetts.
Children's Investment Fund
Children’s Investment Fund offers non-profit, community-based child care providers the financial resources and technical assistance they need to create high quality learning environments.

For over 40 years, CEDAC has helped to strengthen communities across the Commonwealth of Massachusetts by providing non-profit community development organizations with the financial resources they need to build quality affordable housing and child care facilities. Additionally, our staff of professionals help affordable housing developers and child care providers with the technical assistance they need to turn an idea into reality. Our early stage capital and predevelopment loans has led to the production of thousands of affordable housing units from Boston to the Berkshires, and to quality child care centers in urban, suburban, and rural communities.

If you are a non-profit community development organization seeking to produce or preserve affordable housing or a community-based non-profit childcare provider looking to upgrade or renovate your learning space, we may be able to help you. If you have any questions regarding our loan products or our public policy work, please do not hesitate to contact us.

Roger Herzog
CEDAC Executive Director
Undersecretary Jennifer Maddox, DHCD
CEDAC Board Chairperson
“With CEDAC’s help, the Cortes Street properties will remain affordable in perpetuity, giving lower income individuals the opportunity to live in a rapidly gentrifying neighborhood.”
Mark WinkellerExecutive Director, Caritas Communities
  • Massachusetts Preserved Over 3,400 Affordable Housing Units Last Year Despite the Challenges of the Pandemic

    Massachusetts preserved the long-term affordability of 22 project developments with a total of 3,443 affordable apartments across the state using various types of state financing in 2020. The projects consist of large- and small-scale developments in communities across the Commonwealth, including Boston, Haverhill, Attleboro, Randolph, and Westfield.  The pandemic has underscored the need for everyone to have a place to call home, and we are pleased to see that housing preservation activity remained strong last year despite the public health crisis. Read INSITES

  • Perseverance and Resilience in a Time Of Crisis: Announcing CEDAC’s 2020 Annual Report

    CEDAC is excited to share our FY20 Annual Report, which highlights how we’ve helped our non-profit community partners continue to develop affordable housing and child care facilities across the Commonwealth. Despite the many hardships caused by the pandemic, the community development sector has demonstrated remarkable resiliency and perseverance in moving forward and supporting the individuals and families they serve. Read INSITES

  • Father Bill’s & MainSpring Hosts Supportive Housing Funding Announcement

    In INSITES this week, we recap how CEDAC staff joined Governor Baker and other senior state and local officials at Father Bill’s Place in Quincy for his March 31st announcement of the 8th annual Supportive Housing for Vulnerable Populations round. This round will produce and preserve 112 units of supportive housing, along with 100 shelter beds, in seven projects. CEDAC also provided more than $1.1 million in early stage financing to four of the seven projects. Read INSITES

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Investors Mine For Profits In Affordable Housing, Leaving Thousands Of Tenants At Risk
WBUR / Apr 29, 2021
Charles Clark moved to Boston’s South End when he was a young musician, just getting by. Forty years later, he lives in the same historic brownstone, even as rising wealth has pushed many people out of the neighborho...