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, child care providers, and workforce development professionals 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.
Welcome to our Website – 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. And if you have any questions regarding our loan products or our public policy work, please do not hesitate to contact us.
CEDAC Executive Director
- Father Bill’s & MainSpring’s Innovative Approach to Addressing Homelessness
In INSITES this week, we hear from John Yazwinski, President & CEO of Father Bill's & MainSpring (FBMS). He shares how what began as an emergency measure to save lives has shifted to an innovative strategy that can serve as a national model for how to address homelessness: converting an existing motel into permanent supportive housing. In December 2020, the CEDAC Board approved a $4.3 million acquisition loan to FBMS for the purchase of the Rodeway Inn in Brockton, which they will convert into 69 enhanced single room occupancy (SRO) units. Read INSITES
- CEDAC Approves $11 Million in Early Stage Financing to 25 Community Development Projects Across the Commonwealth
CEDAC committed a total of just over $11 million in early stage financing for the production and preservation of affordable housing in communities across the Commonwealth during the first half of FY21, which closed on December 31st. Learn more
- Congratulations to Boston Mayor Marty Walsh, the new U.S. Secretary of Labor
In INSITES this week, we congratulate Boston Mayor Marty Walsh on his new role as the U.S. Secretary of Labor for the Biden-Harris Administration. We also highlight key housing production and preservation accomplishments over his two terms as Mayor, including permitting or completing 30,000 units of new housing in the City of Boston. It's clear that incoming Secretary of Labor Marty Walsh understands the important relationship between high-quality housing and strong communities, and we are looking forward to seeing what he does next for our country. Read INSITES
- Last week, we shared a guest blog post from John Yazwinski of @FrBillsMnSpring on converting motels into permanent… https://t.co/DtG77rq0COApr 16 9:14 am / /
- RT @sznnmorse: At @CEDACma's INSITES this week, John Yazwinski of @FrBillsMnSpring highlights their innovative approach to addressing homel…Apr 9 5:41 pm / /
- RT @jamesdlinfield: Yes, to Innovation! “The first project of its kind in Massachusetts” @CEDACma @FrBillsMnSpring https://t.co/Lp7XnB5xYiApr 9 1:49 pm / /
- RT @FrBillsMnSpring: Thank you to @CEDACma for being such an important partner in our fight to #endhomelessness. CEDAC was an early support…Apr 9 12:56 pm / /