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
- Continuing To Support The Community While Working From Home
We hope that you and your organizations and families are staying safe and healthy as we face the Coronavirus crisis together. We want to inform you that, despite the extraordinary impacts to our lives that we are experiencing, CEDAC is continuing to function and carry out its important business activities. In accordance with the Baker Administration’s recent order regarding business activity during this public health crisis, the CEDAC office closed on March 24th. CEDAC commenced with remote work operations for most staff on March 16th, and all staff will continue working from home until further notice to help protect them and the community. Read more
- New England’s First LGBTQ-Friendly Senior Housing Initiated by Kuehn Planning Grant
At INSITES this week, we highlight the adaptive reuse of a middle school in Boston's Hyde Park neighborhood, which is on track to become New England’s first LGBTQ-friendly senior housing complex. A partnership between a non-profit LGBTQ Senior Housing Inc and Pennrose Development, this groundbreaking new project began with the support of a Kuehn Planning Grant, a program that CEDAC manages to help the non-profit community development sector across the Commonwealth. The program was established in 2016 with funding from the Kuehn Charitable Foundation (KCF), with the goal of helping non-profits explore a project’s feasibility at the earliest stages of development. Read INSITES
- CEDAC Research Shows Far Fewer LIHTC Units Are at Risk of Losing Affordability than Predicted
At INSITES this week, we share 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. A careful look shows that the vast majority of LIHTC projects have affordability restrictions that will extend beyond the program's required minimum of 30 years of affordability, which is good news for thousands of families across the state. Read INSITES
- RT @sznnmorse: From @NEREJ - @CEDACma and @BostonLISC lend $8.5m to The Neighborhood Developers. @TND_inc https://t.co/Jf6HWfcGMrMar 14 9:48 am / /
- RT @JKriesberg: Thank you @CHAPAdotorg for putting together this excellent compilation of resources for housing folks: https://t.co/FuYNdwg…Mar 13 6:01 pm / /
- RT @sznnmorse: This project was also supported by a grant from @BostonPride's Community Fund.Mar 11 4:21 pm / /
- RT @sznnmorse: At #INSITES this week, @CEDACma talks about @PennroseCompany and LGBTQ Senior Housing Inc's effort to build New England's fi…Mar 11 4:21 pm / /